The Federal Reserve forged an extraordinary $85 billion rescue Tuesday night of insurance giant American International Group Inc., offering a respite from two days of chaos in the American financial system. ...more

September 17, 2008

Hours before Federal Reserve officials found a cash infusion to keep afloat American International Group Inc., the nation's largest insurance company, state and other government officials in Florida were still assessing how much financial exposure they might have with investments in AIG. ...more

September 17, 2008

The federal government will not pay the ousted chief executives of mortgage finance companies Fannie Mae and Freddie Mac up to $24 million in exit packages. ...more

September 16, 2008

Pending U.S. home sales fell more than expected in July as the housing market's struggles continued, an industry group said Tuesday. ...more

September 10, 2008

When the history is written on the collapse of Fannie Mae and Freddie Mac, it will go down in the annals of corporate scandals as one of the greatest accounting scams committed in broad daylight. ...more

September 10, 2008

The government takeover of Fannie Mae and Freddie Mac promises some real benefits for the Tampa Bay area, which for months has struggled under the force of the nation's housing downturn. ...more

September 9, 2008

Wall Street surged Monday as investors placed bets that a recovery in the financial and housing sectors is likely to follow the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. ...more

September 9, 2008

The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more

September 8, 2008

The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more

September 7, 2008

Fannie Mae and Freddie Mac agreed on Saturday afternoon to the Bush administration's plan to rescue them, people briefed on the plan said. ...more

September 7, 2008