Archive for July 26th, 2008

The Senate on Saturday overwhelmingly passed a landmark housing bill that will offer up to $300 billion in loans for troubled homeowners and establish a government rescue plan for mortgage finance giants Fannie Mae and Freddie Mac.

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The federal rescue on Friday of two more failing banks - two weeks after the high-profile seizure of IndyMac Bank - leaves many Americans wondering whether their bank is safe.

Gas prices declined for the 9th straight day, falling below $4 a gallon for the first time in seven weeks, according to a nationwide survey Saturday by motorist group AAA.

With the latest earnings season in the rearview mirror for most of the nation's banks, investors can breathe a little easier.