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Subprime smoking gun

New internal documents show that executives at Fannie Mae and Freddie Mac understood the risky nature of their actions

Senators fail to find a solution to the federal auto bailout impasse, while markets plunge

The House of Representatives voted Wednesday to pass a $14 billion loan for the survival of the three Detroit automakers


Recent

The top auto executives spend two days in Washington asking Congress for $34 billion-$9 billion more than last time

Instead of a bailout, Rep.

David L. Bahnsen | But what a year it's been for most Americans' finances

Mark Bergin | As Obama takes office, economics historians warn against reliving past follies