The Fannie Mae (FMN) program does not compel servicers managing its loans to suspend payments for distressed homeowners, but at least one servicer - Citibank - has announced its own plan to help Gulf coast homeowners.
Industry analysts say seeking protection under the bankruptcy law now won't help BP pay its US workers and retirees, nor the cleanup from the Gulf oil spill.
By taking bold actions during the financial crisis, the Fed ventured into fiscal policy. Now, Congress is pushing back.
Lawmakers are pledging to end bailouts in the financial reform bill that the Senate is considering now. But many experts say bank bailouts can and will occur again.
Here are questions and (some) answers regarding what's known about the stock market's 20-minute, 600-plus-point roller-coaster ride on Thursday. The Dow closed down again on Friday.
The House reform bill has already been passed, but the more influential bill written by Senator Dodd and the Banking Committee still faces debate in the Senate. It is crucial, for the sake of US financial stability and that of the world, that some of the bill’s shortcomings are recognized and remedied.
Governments go broke all the time. When they do, the victims can be all of us.