Monday, August 18, 2008
One report says Treasury officials are worried the mortgage giants won't survive without government help. Their true value of assets on their books is questoned too. Steve Henn reports.
The logos for Freddie Mac and Fannie Mae (freddiemac.com/fanniemae.com)
More on Housing - Real Estate, Domestic, Wall Street, Travel, America's Financial Crisis
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In his weekly podcast, Scott Jagow makes sense of the week in business and the economy. Subscribe now.
Watch the videoWe all know what a takeover is. That's when one company agrees to be bought by another. But what happens when companies don't agree and the takeover goes hostile? Senior Editor Paddy Hirsch explains. Watch the video.
I recently paid off my mortgage ($55,000) and consulted with my local bank about how to best invest discretionary funds now that mortgage is paid. Bank's financial advisor, no fee, advised me to take out a HELOC, home equity line of credit for the maximum... I am 67... Pamela, Providence, RI Read Chris Farrell's answer »
One year after the fall of Lehman Brothers, Americans' have lost faith in the financial system and learned some hard lessons. Get more.
The recession has changed our financial lives. A look at wealth and prosperity in the middle class and how we live now. Get more.
How living beyond our means helped bring down the economy. The role of personal debt in the financial crisis, and where we go from here. Get more.
How four pillars of the American Dream are changing. What's in your future?
Conversations with individuals who can give us the long view of our economic situation. Get their views.
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