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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (27069)	4/7/2005 12:45:33 PM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 116555

- In a close three to two vote, the Securities and Exchange Commission approved a new rule that would require brokers to obtain the best possible price for a stock, even if it means going to another market and takes longer to make the deal. Defenders of the new rule (called "Regulation National Market System" or "Reg NMS") say it would protect individual investors, but critics argue that it would limit competition. - Fed Chairman Alan Greenspan urged a Senate committee to curb the size of mortgage giants Fannie Mae and Freddie Mac. Meanwhile, in the House of Representatives, a regulator warned that "aggressive accounting" at Fannie Mae could lead the company to restate its earnings by as much as $11 billion. Both Fannie Mae's (FNM) and Freddie Mac’s shares(FRE) gained 3%.