Archive for August 20th, 2008

The FDIC, six weeks after taking over mortgage lender IndyMac Bank, said Wednesday that it will start systematically modifying some of the bank's most troubled loans to keep borrowers in their homes.

Bond prices have rallied lately. And that's both a good thing and bad thing.

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Fishing, flying and logging were the three most dangerous jobs in America in 2007. These occupations reported higher death rates than any others, according to according to a report out today from the Bureau of Labor Statistics (BLS).

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Terry Read transferred $400 into his wife's checking account on a Friday. Over the weekend, his wife used her debit card to make some small purchases, and on Monday she was slammed with a $35 overdraft fee because his cash transfer hadn't cleared yet.

Oil prices ended the day higher on Wednesday after a volatile trading day. A mixed government supply report showed a decline in gasoline stockpiles for the second consecutive week, and the largest jump in crude inventories in more than seven years.

We made it through the bursting of the Internet bubble and now the bursting of the real estate bubble. Next we may be approaching the end of the most worrisome bubble of all: the standard-of-living bubble.

Battered mortgage giants Fannie Mae and Freddie Mac took yet another hit at the start of trading Wednesday as concerns grew about a possible government bailout.

Gasoline prices have fallen nearly 40 cents a gallon from their record highs after 34 straight days of declines, according to a daily survey released Wednesday.