Topic: The Federal Home Loan Banks

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Mitt Romney would be the wealthiest president ever, Forbes calculates

Forbes Magazine analyzed Mitt Romney's wealth, including investments, real estate, and cash. It found $230 million in assets, while the total for the Obamas is nearly $6 million.
Rating falls, markets plunge, critics rage. But tea party isn't blinking.

Tea party lawmakers say the S&P's downgrade of the US credit rating and the markets' convulsive reaction on Monday is merely confirmation that they had been right all along.
Dow skids 600, worst day since credit crisis

The Dow closed down 634 points, the S&P 500 lost 79 points, and the Nasdaq ended 174 points lower. For every stock that rose at the New York Stock Exchange, more than 69 fell.
Bank of America: Will lawsuits hurt its profits?

Bank of America and other large banks say that investors' lawsuits could affect their bottom line.
The Circle Bastiat
Economic collapse: Don't blame the free market

A more realistic view is that a housing boom and bust happened to strike a fragile financial system whose fragility was worsened by ill-conceived government interventions.
Fannie Mae wants $8.4 billion more in federal aid

Fannie Mae announced a $11.5 billion quarterly loss Monday. The mortgage giant's continued poor performance has added urgency to the question of how – or whether – it should be saved.
Oh, give me a home without a subsidized loan

The government should no more meddle in your decision to buy a home than it should interfere with your decision to buy a car.
US Treasury and the Fed: too close for comfort?

Some economists have reservations about recent moves to rescue the economy.
US unveils new $800 billion plan to loosen credit

The money will go to unfreeze mortgage and consumer lending.
Will bank bailout revive growth?

Banks will still need to recapitalize and start lending again.
Congress looking for broader fixes for U.S. economy

On the Hill, bills range from rule changes allowing judges to rewrite mortgage terms to a financial-sector overhaul.