The combination of private and public ownership makes Fannie Mae and Freddie Mac hybrids, and that, says commentator Amity Shlaes, is a big part of the problem. It might be heresy to some, but she thinks nationalizing them is the answer.
The Securities and Exchange Commission says it will go after originators of false rumors intended to manipulate stock prices. But, as John Dimsdale reports, gossip has been around since the stock market began.
The last big mailing of economic stimulus checks is scheduled for today, and the extra economic boost the checks provided is projected to fade in August. Nancy Marshall Genzer reports what the outcome could be for Christmas.
The Fed Chairman and Treasury Secretary were on Capitol Hill asking Congress for stronger regulatory powers to prevent another large investment bank from collapsing. Host Kai Ryssdal runs through their remarks.