Archive for July 13th, 2008

Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 9-1-1" by suggesting he had a role in one of the costliest U.S. bank failures.

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They own or guarantee $5 trillion worth of mortgages? - nearly half of all the country's outstanding home loan debt - and they're crashing. But not everybody is convinced they should be.

In what could turn out to be the most expensive bank failure ever, troubled mortgage lender IndyMac Bancorp Inc. was taken over by federal regulators on Friday.

The Federal Reserve is caught in a tug-of-war as it prepares on Monday to unveil final rules overhauling mortgage lending.

The price of diesel fuel hit a record high and gasoline resumed its march upward, a daily survey from auto club AAA showed Sunday.

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