Bailing out Fannie Mae may not be the solution - St. Petersburg Times
Back in ancient Rome, politicians had a trick for winning votes when debts got too high. They would campaign on a platform of wiping out existing debts. They promised a tabula rasa , a “blank slate.” These days, we don’t go for anything as crude as a …
US Senate approves housing bill (BBC News)
The US Senate passes a rescue bill designed to help the rising number of Americans at risk of having their homes repossessed.