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U.S. House Committee On Financial Services
 Lawmakers move to curb Fannie Mae, Freddie Mac payDemocrats and Republicans queasy about a federal rescue of mortgage giants Fannie Mae and Freddie Mac are coalescing around the idea of letting the government slap limits on the multimillion-dollar pay packages of their executives.
ALL BUSINESS: Don't count on ailing-dollar bailout
Federal rescue plans are all the rage in Washington right now, for what seems to be everything but the dollar. The U.S. currency is not going to get a bailout, even though its steep decline is feeding inflation and straining the economy.  Govt OK sought for top pay at mortgage giantsCongress wants to require executives at Fannie Mae and Freddie Mac to have their pay packages approved by the government as part of a bill to throw a federal lifeline to the mortgage giants.
Benefits of foreclosure rescue
The foreclosure rescue moving through Congress would let financially strapped homeowners who would normally be considered too debt-ridden to qualify for safe, government-insured mortgages refinance their home loans through the Federal Housing Administration to get more affordable loans with lower monthly payments.  Fed chief: Gov't needs more power when firms failThe nation's top economic officials urged Congress on Thursday to give them new regulatory tools to better protect the country from economic and financial havoc if a major Wall Street firm were to fail.
Lehman tumbles to new low on more credit fears
Lehman Brothers Holdings Inc. shares plunged as much as 19 percent Thursday morning as continued credit fears shook Wall Street, and government officials again reiterated that no bank is too big to fail.
Va. county plans to buy foreclosed properties
A suburban Virginia county ravaged by the mortgage crisis plans to buy up foreclosed properties and aid first-time homebuyers who want to purchase them as part of an effort to shore up the local housing market.
Lawmakers disagree over defining online gambling
Lawmakers failed Wednesday to agree on setting a clear definition of illegal Internet gambling to go along with a ban on online betting passed in 2006. |
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