The latest new on the mortgage crisis.
Fed urged to cut rates or face recession
Belfast Telegraph - The Federal Reserve heard a plea for a full percentage point cut in US interest rates in order to forestall a recession, as central bankers debated the fall-out from the housing market slowdown. The US central bank’s annual symposium in the quiet
Fed reacts to mortgage crisis with rate cut
Worldnews.com - The Federal Reserve lowered the interest rate it charges banks and acknowledged for the first time Friday that an extraordinary policy shift is needed to contain the subprime-mortgage collapse that began roiling the world’s financial markets two