Fannie Mae and Freddie Mac both narrowed their losses in the fourth quarter of 2010. But they aren’t out of the woods yet: Both of the government-sponsored home-mortgage buyers have requested higher amounts of new federal aid t…
When Countrywide Financial created deeply flawed mortgage-backed securities, it wasn’t just selling bad financial products: It was breaking its contracts. Now some ordinary investors are suing Countrywide’s buyer, Bank of Ameri…
Gold bugs love bad news, and civil war in Libya, Africa’s third-largest oil producer, couldn’t have come at a better time. After dropping a hundred bucks in January, February’s upheavals have pushed gold back within striking di…
Events in the Mideast have, once again, revealed the U.S. economy’s vulnerability to an oil shock. Now more than ever, the nation must reduce its consumption of oil, especially from abroad, and become energy self-sufficient. An…
With Mideast turmoil chasing oil higher and stocks lower, it’s a good time to check the charts and see what price levels seem to be key “lines in the sand.” Some indicators have been warning for months that the steep rally was …