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Estate Planning in a Down Market (BusinessWeek Online) BusinessWeek Online - When times are tough, people tend to hold on to what they have that much more tightly. But for those who can get beyond that psychological response, there's a silver lining in today's combination of depressed asset values and low interest rates: Transferring assets to the next generation has rarely been less costly. Private equity group buying IndyMac assets (Reuters)
NY Fed begins purchasing mortgage securities (AP) AP - The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. Mortgage crisis spurs tougher rules for brokers (AP)
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