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Entries for July, 2008

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Berkshire Hathaway

MTnews asked: Daily Market Commentary for July 10, 2008 from Millennium-Traders.ComA large deal on the street today was the news that Dow Chemical (NYSE: DOW) was buying Rohm and Haas (NYSE: ROH) at $78 a share or $18 billion. The deal was all cash and consisted of $3 billion in financing from Berkshire Hathaway plus, [...]

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Fannie Mae

MTnews asked: Daily Market Commentary for July 11, 2008 from Millennium-Traders.ComFannie Mae (NYSE: FNM) was created by Congress in 1938 to promote home buying to Americans; Freddie Mac (NYSE: FRE) was created in 1970 to expand the secondary market for mortgages. Combined, the two own or guarantee approximately $5 trillion of mortgages which makes up [...]

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