Financial stocks finished lower Tuesday in a volatile session in which Washington Mutual(WM) skyrocketed and battered mortgage giants Fannie Mae(FNM) and Freddie Mac(FRE) continued to take their lumps.
The government-sponsored mortgage giants were once again a focal point of the market, as Fannie Mae collapsed nearly 30% at one point in trading and Freddie Mac [...]

HONG KONG (Reuters) - The U.S. government is considering taking over Fannie Mae and Freddie Mac if their funding problems worsen, the New York Times said on Friday, causing shares of the mortgage finance companies to plunge.
Shares of Fannie fell 27 percent to $9.66 in pre-market trading, while shares of Freddie fell 35 percent to [...]

The nation’s housing meltdown is disrupting lives and devastating families. One New York grandmother is trying to put the pieces back together.
By Tami Luhby, CNNMoney.com senior writer
Last Updated: July 10, 2008: 2:03 PM EDT
HEMPSTEAD, N.Y. (CNNMoney.com) — Only weeks after moving into their first home in 2006, Margarita Rios celebrated Christmas with her two daughters [...]

NEW YORK (Reuters) - U.S. bank stocks plummeted to their lowest level in more than a decade on Monday after analysts’ forecasts for soaring credit losses convinced investors that next week’s quarterly earnings reports could fall short of already low expectations.
The shares of Citigroup Inc (C.N: Quote, Profile, Research), Bank of America Corp (BAC.N: Quote, [...]

Major gauges end a choppy session in bear market territory as a last-hour recovery attempt fizzles out amid financial market worries.
By Ben Rooney and Alexandra Twin, CNNMoney.com staff writers
Last Updated: July 7, 2008: 5:56 PM EDT
NEW YORK (CNNMoney.com) — Stocks slipped Monday, with the S&P ending just a hair above the bear market levels that [...]

Nick Massey
The Edmond Sun
EDMOND — Well, I guess I’m overdue. I haven’t gone into a rant about the Fed and bankers in awhile, so here I go again. As you’ve probably noticed, I’m not a big fan.
Sometimes supposedly smart people turn out to be nothing more than a title and an empty head. Or to [...]