The $500 billion that the U.S. government estimates it will cost to buy the risky investments of financial institutions in coming months approaches what it costs to run the Pentagon for a year. ...more

September 20, 2008

Freddie Mac and Fannie Mae are splitting my skull wide open. ...more

September 19, 2008

WASHINGTON - Eager to show that he feels people's pain, President Bush scuttled a political fundraising trip Thursday to tell the country his administration is working feverishly to calm turmoil in the financial markets. ...more

September 18, 2008

Another day, but not just another bailout. This one's a stunning government takeover. ...more

September 18, 2008

Homeowners rushed to take advantage of last week's drop in interest rates following the government's takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears over the eroding conditions in financial markets. ...more

September 18, 2008

Battered housing developers are a getting a bit more optimistic about their prospects for the next six months, an index of the sector's confidence showed Tuesday. ...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

During the 1980 presidential campaign, Ronald Reagan, in a debate with President Jimmy Carter, famously suggested that voters answer a simple, but potent, question. ...more

September 14, 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

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