Fannie, Freddie Jump on Grenade (Minyanville)

Taxpayers now proud owners of most toxic debt on the market.

WaMu swap sellers sidestep massive loss (at CNNMoney.com)

Investors who sold default protection on failed Seattle-based thrift appear set to face a much smaller loss than those who bet on Lehman Brothers.

[audio] Dwyer: Government efforts will help "avoid armageddon" but won’t bring buyers back [4.9 min] (at MarketWatch)

Tony Dwyer an equity market strategist at FTN Midwest Securities tells Nancy Lyons that the markets need buyers. He says government efforts are “helping avoid the armageddon” but they’re not creating an environment that attracts buyers.

Wells Fargo Beats Consensus (Zacks.com)

WFC currently trades at 16.2 times the consensus forward estimate, a 29% premium to the peer group median.

MetLife and "The Office" Star Join Forces to Discuss Employee Benefits (Business Wire)

CHICAGO—-Each day, thousands of commuters stream through Chicago’s Union Station on their way to work. Today, they were greeted by Lucy Davis, most famous for her role as receptionist Dawn Tinsley on the BBC’s international sensation “The Office,” who was on hand as MetLife called attention to the importance of making informed decisions during this fall’s open enrollment season.

Why I Added to My Sun Life Financial Position (at Seeking Alpha)

Media Alert - Manulife Financial to release third quarter financial results (CNW Group)

Manulife Financial Corporation will release its third quarter financial results on the morning of Thursday, November 6, 2008 followed by a live webcast of the quarterly conference call with analysts beginning at 2:00 p.m. .

Lincoln National shares drop after downgrade (AP)

Shares of Lincoln National Corp. fell, along with the broader market Wednesday, as a Keefe, Bruyette & Woods analyst downgraded the company based on concerns about reduced earnings power and its variable annuities business.

[$$] French buyout firms start to feel credit pinch (at The Wall Street Journal Online)

AllianceBernstein 3rd-qtr profit falls 39 percent (AP)

Investment management and mutual fund company AllianceBernstein Holding LP on Wednesday said its third-quarter profit fell 39 percent, as market turmoil led to investment losses.

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