Fannie and Freddie Get Some Good NewsThe mortgage giants have seen their largest profits in ten years. Plus, who buys a friend a $3 million apartment, and who wants a truck depot in Soho?
company town
Circulation Report: ‘Vogue’ Down, ‘Ladies’ Home Journal’ UpPlus, Katie Couric takes control of CBS News’ political coverage, hotels keep cropping up in Gowanus, and KKR’s IPO doesn’t go as well as planned, all in our daily industry report.
company town
Donald Trump: ‘I Called the Recession First, Okay?’Fine, Donald. You win. Except nobody REALLY wins. Because it’s a recession. That and more in our daily roundup of finance, real-estate, media and law news.
company town
Angelo Mozilo Just Wants to Help PeopleLAW
• After testifying in front of the House Committee on Government and Oversight Reform last week about the gargantuan pay package he picked up while his company hemorrhaged money, Countrywide CEO Angelo Mozilo made Congress a nice little offer: “Mr. Mozilo said he had left a card in each Congressional office with a help line for constituents having problems with their loans. He added that if the number didn’t work, “call me— I take this very seriously.’” [NYT]
• Since the federal death-penalty statute was revived in 1998, New York federal juries have been reluctant to impose the death sentence. [NYT]
• You know those ads for legal firms in the Metro? Yeah, they’re really not all that effective. [Legal Blog Watch]
