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NY FED BUYS FANNIE, FREDDIE LOANS - 9 hours ago - The Federal Reserve Bank of New York has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program allows the Fed to spend 500 billion to buy mortgage-backed securities guaranteed by 0133 : New London Day

US auto sales drop in 2008, recovery unclear - 2 hours ago - DETROIT After a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack demand fueled by a terrible economic outlook and growing job worries, automakers are reluctant to predict when a 0133 : Boston Globe

Attorneys general push to ease bankruptcy rules on mortgages - 57 minutes ago - Arizona is joining other states asking Congress to liberalize bankruptcy rules so judges can modify home loans to help reduce foreclosures. Arizona Attorney General Terry Goddard has joined the attorneys general from 21 other states in the 0133 : Phoenix Business Journal

Builders demand more sops to stimulate demand - 9 hours ago - Grappling with shortage of funds in the housing and realty sector, builders on Tuesday sought the Reserve Bank's intervention to prompt banks to reduce margins on their home loans besides ensuring adequate credit flow to the housing 0133 : Daily News and Analysis

February 5 Is Deadline To Apply For SBA Economic Injury 0133 - 6 hours ago - ATLANTA BUSINESS WIRE The U.S. Small Business Administration is reminding businesses in Indiana that Economic Injury Disaster Loans are still available to small businesses economically impacted by severe storms and flooding that 0133 : Businesswire.com

PSU banks fear NPA rise as govt pushes for more loans - 7 hours ago - Finance Secretary Arun Ramanathan On Monday had a meeting with top officials from state-owned banks, including the State Bank of India, to review credit offtake during December 5-19. The government wants us to clear all proposals loans 0133 : Business Standard

Taiwan moves to save chipmakers - 3 hours ago - The Taiwanese government is moving closer to a 6bn bailout of the country's chipmakers who are suffering from the credit crunch and falling prices for DRAM despite production cuts. There are also rumours that the Taiwanese government could 0133 : Channel Register

Gov't projects 6.5M in bailout costs through Jan. - 1 hour ago - WASHINGTON AP The government estimated Tuesday that it will spend 6.5 million by the end of January in salaries and other administrative costs for the 700 billion financial rescue program. The Treasury Department estimate was part of 0133 : Associated Press