US charges ex-Fannie, Freddie CEOs with fraud

Two former CEOs at mortgage giants Fannie Mae and Freddie Mac on Friday became the highest-profile individuals to be charged in connection with the 2008 financial crisis.

Posted: December 18th, 2011 in Latest Business Stories | Read More »

US household wealth takes biggest hit since 2008

WALL OF UNCERTAINTIES. Specialists Michael Gagliano, center, and Peter Giacchi, right, work at their on the floor of the New York Stock Exchange during the IPO of Rose Rock Midstream, Friday, Dec. 9, 2011. U.S. stock indexes rose in early trading Friday after 26 European nations agreed to consider tying their economies together more closely in hopes of preventing another debt crisis. AP PHOTO/RICHARD DREW

Americans’ wealth last summer suffered its biggest quarterly loss in more than two years as stocks, pension funds and home values lost value.

Posted: December 11th, 2011 in Latest Business Stories,Personal Finance,Photos & Videos | Read More »

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