Archive for July 23rd, 2008

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Stocks finished higher Wednesday as investors cheered falling oil prices and waited to see if the House passed a bill that would support the struggling housing market.

Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice.

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The House is expected on Wednesday to pass a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.

Oil prices continued to decline Wednesday, falling as much as $4.12 a barrel, after a government report showed stronger-than-expected inventories and a bearish Federal Reserve report on the economy.

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While summer is a great time to be a kid, it is a tough time to be a retailer, or a parent.

Anthony Volodkin couldn't raise any money three years ago when he launched the Hype Machine, a digital music startup.