By Michael Patterson and Lynn Thomasson
Sept. 29 (Bloomberg) — U.S. stocks and oil plunged and Treasury bonds rallied the most in two weeks after U.S. lawmakers rejected the Bush administration’s $700 billion financial rescue.
The Standard & Poor’s 500 Index fell as much as 7.2 percent, the most since Oct. 26, 1987, as 490 companies declined. [...]

By Chris Isidore, CNNMoney.com senior writer
House leaders scramble for support for controversial Wall Street plan.
NEW YORK (CNNMoney.com) — The fate of the Bush administration’s $700 billion financial bailout plan was abruptly thrown in doubt Monday as a House vote turned against the controversial measure.
The next steps were not immediately clear but supporters were scrambling to [...]

By Julie Hirschfeld Davis and David Espo, Associated Press Writers on Yahoo.com
Lawmakers: Compromise reached on $700 billion bailout before White House summit
WASHINGTON (AP) — Warned that time was running short to bolster the distressed economy, congressional Republicans and Democrats reported agreement in principle Thursday on a $700 billion bailout of the financial industry, and said [...]

By Associated Press, on CNNMoney.com
The automaker says that it will build a new factory in Flint, Mich., to make engines for the Chevrolet Volt rechargeable electric car.
FLINT, Mich. (AP) — General Motors Corp. said Thursday it will build a new factory in Flint to make four-cylinder engines for the Chevrolet Volt rechargeable electric car and [...]

By Bob Willis and Timothy R. Homan
Sept. 25 (Bloomberg) — Sales of new homes in the U.S. fell in August to a 17-year low and orders for durable goods dropped more than forecast, evidence of the mounting risks to the economy that Federal Reserve Chairman Ben S. Bernanke warned of yesterday.
Home sales decreased 11.5 percent, [...]

By Jeanne Sahadi, CNNMoney.com senior writer
What’s the real danger propelling the largest government intervention in history? The bailout is expensive. But so may be the cost of inaction.
NEW YORK (CNNMoney.com) — Helping Main Street or sticking it to Main Street?
That’s the question taxpayers are asking when told their representatives in Congress are likely to pass [...]

By Lauren Sherman, Forbes.com
The crisis on Wall Street is shrinking net worths and erasing nest eggs. Next on the block: multimillion-dollar homes.
In some of America’s wealthiest spots, that’s already happening. According to RealtyTrac, an Irvine, Calif.-based listing firm that tracks foreclosures and provided the data here, several of the country’s wealthiest ZIP codes–where year-to-date median [...]

By Christine Harper and Craig Torres
Sept. 22 (Bloomberg) — The Wall Street that shaped the financial world for two decades ended last night, when Goldman Sachs Group Inc. and Morgan Stanley concluded there is no future in remaining investment banks now that investors have determined the model is broken.
The Federal Reserve’s approval of their bid [...]

By Jeanne Sahadi, CNNMoney.com senior writer
Washington unveils sweeping efforts to save financial system. Bottom line will depend on what Uncle Sam pays for toxic assets.
NEW YORK (CNNMoney.com) — Treasury Secretary Henry Paulson on Friday didn’t mince words when it came to the cost of his latest proposal to stem the credit crisis.
“We’re talking hundreds of [...]

By Scott Lanman
Sept. 19 (Bloomberg) — Vanguard Group Inc. founder John Bogle says the U.S. government is “punch drunk.” Federal Reserve historian Allan Meltzer calls it “social democracy at its worst.”
Yet former Fed vice chairman Alan Blinder says it’s a “giant step toward a cure” for the financial crisis. Harvard University economist Kenneth Rogoff says [...]

By PATRICK RIZZO and JEANNINE AVERSA, AP Business Writers on yahoo.com
NEW YORK – The worst global financial crisis since the Great Depression forced the Federal Reserve and central banks in other countries to pump billions of dollars into the world’s banking system in an urgent bid to stop further damage.
The Fed plowed as much as [...]

By Chris Isidore, CNNMoney.com senior writer
The Wall Street crisis has been caused by plunging housing prices. So despite the billions of dollars being thrown at the problem, experts say more trouble lies ahead.
NEW YORK (CNNMoney.com) — The nation’s financial system is in the midst of a massive shakeup and many on Wall Street and in [...]

By Roger Runningen
Sept. 18 (Bloomberg) — President George W. Bush said he will take any actions necessary to stabilize markets in the face of a crisis that is shaking confidence in the nation’s financial system.
“The American people can be sure we will continue to act to strengthen and stabilize our financial markets and improve investor [...]

By Associated Press writer, on CNNMoney.com
Building rate falls more than expected to 6.2% in August, while building permits fall nearly 9%.
WASHINGTON (AP) — Construction of new homes and apartments fell to its lowest level in 17 years last month, showing the country is still gripped by a severe housing downturn that has triggered billions of [...]

By Jeannine Aversa, Ieva M. Augstums and Stephen Bernard, AP Business Writers on Yahoo.com
Government saves AIG with $85 billion loan, takes 80 percent stake in battered insurance giant
WASHINGTON (AP) — Another day, but not just another bailout. This one’s a stunning government takeover.
In the most far-reaching intervention into the private sector ever for the Federal [...]

By Elizabeth Stanton
Sept. 17 (Bloomberg) — U.S. stocks tumbled as bank lending seized up in the wake of the government’s takeover of American International Group Inc., raising concern that more of the nation’s biggest financial companies will fail.
Goldman Sachs Group Inc. and Morgan Stanley, the two largest U.S. securities firms, plunged more than 20 percent [...]

By CHRISTOPHER SHERMAN, Associated Press Writer
GALVESTON, Texas – Rescuers flew into a hard-to-reach area of the swamped Gulf Coast Monday and uncovered a devastated landscape: Hurricane Ike had obliterated entire subdivisons, and emergency crews feared they would find more victims than survivors.
It was the first time anyone had gotten a look at the damaged resort [...]

European, British central banks make billions available in the wake of Lehman Brothers collapse.
FRANKFURT, Germany (AP) — Major European central banks pumped billions in currency into markets Monday, hoping to avert a halt in lending between financial institutions and attempting to shore up confidence in the aftermath of Lehman Brothers Holdings Inc.’s (LEH, Fortune 500) [...]

By Lynn Thomasson and Elizabeth Stanton
Sept. 15 (Bloomberg) — U.S. stocks tumbled, pushing the Standard & Poor’s 500 Index to the steepest drop since September 2002, as Lehman Brothers Holdings Inc.’s bankruptcy and declining commodities increased speculation the slump in financial markets and the economy will deepen.
Lehman plunged 95 percent and American International Group Inc. [...]

By Les Christie, CNNMoney.com staff writer
There were 304,000 homes in some stage of default last month, and 91,000 families lost their homes.
NEW YORK (CNNMoney.com) — Foreclosures hit another record high in August: 304,000 homes were in default and 91,000 families lost their houses.
More than 770,000 homes have been repossessed by lenders since August 2007, when [...]

By Brian K. Sullivan and Tom Korosec
Sept. 12 (Bloomberg) — Hurricane Ike started to batter the coast of Texas as it headed for landfall tonight near Galveston, where forecasters warned that residents face possible death if they ignore evacuation orders.
Parts of Galveston were already flooded, and tropical-storm force winds were starting to buffet the [...]

By Brian K. Sullivan
Sept. 11 (Bloomberg) — Hurricane Ike tripled in size in the central Gulf of Mexico as it churned on a weekend collision course with the 5.6 million residents of the Houston area, where coastal communities prepared to evacuate.
The system’s strongest winds extend as far as 115 miles (185 kilometers) from the eye, [...]

The bank’s shares hit a low of $1.75 in early trading before rising to $2.14; concerns rise over thrift’s survival.
WASHINGTON (AP) — Shares of Washington Mutual Inc. continued a perilous plunge on Thursday as anxiety grew on Wall Street over the financial stability of the nation’s largest thrift and its options for survival.
Wall Street’s edginess [...]

By John Spence, MarketWatch.com
BOSTON (MarketWatch) — Residential builders will experience more distress and consolidation the next six months as they try to weather the storm in mortgage and housing markets, according to research released Wednesday.
In an analysis of the estimated $700 billion home-construction business, Grant Thornton Corporate Advisory and Restructuring Services forecast small- and mid-sized [...]

By Yalman Onaran
Sept. 10 (Bloomberg) — Lehman Brothers Holdings Inc., reporting the biggest loss in its 158-year history, said it will sell a majority stake in its asset-management unit, spin off real-estate holdings and cut the dividend in an effort to shore up capital and regain investor confidence.
Lehman pared a 19 percent gain in early [...]

By David Mildenberg
Sept. 10 (Bloomberg) — Bank of America Corp., the biggest U.S. consumer bank, said credit weakness is spreading to commercial borrowers from residential customers and loan losses probably will deepen in the third quarter.
Home builders unable to repay their loans are contributing to deterioration among commercial borrowers, said Brian Moynihan, head of the [...]

By Jeanne Sahadi, CNNMoney.com senior writer
Deficit up by $246 billion in a year. Congressional Budget Office cites ‘a substantial increase in spending’ and ‘halt’ in tax revenue growth.
NEW YORK (CNNMoney.com) — The budget deficit will jump by $246 billion to $407 billion this year, the Congressional Budget Office estimates in a report released Tuesday.
Last year, [...]

Colin Barr, senior writer for Fortune (CNNMoney.com)
Mortgage rates drop in a possible boon to homebuyers, but despite that silver lining there’s no averting a recession.
NEW YORK (Fortune) — Wall Street likes Henry Paulson’s plan to break the logjam in the mortgage markets. But the Treasury secretary and other policymakers still have much work to do [...]

We all face a series of trouble in this market place.  The election has also brought a couple other issues to the table which most were not prepared for.  Now what do you believe are the new troubles of selling your home without a realtor? 
Do you think that there are secrets to selling your home? 
Do most [...]

By Alexandra Twin, CNNMoney.com senior writer
Wall Street hails government takeover of troubled mortgage giants. Dow rises more than 200 points, but Fannie and Freddie shares plummet.
NEW YORK (CNNMoney.com) — Stocks surged Monday morning, with the Dow up more than 200 points, as investors cheered the government’s announced takeover of troubled mortgage firms Fannie Mae and [...]

By Dawn Kopecki and John Brinsley
Sept. 7 (Bloomberg) — The U.S. government will take control of Fannie Mae and Freddie Mac after the biggest surge in mortgage defaults in at least three decades threatened to bring down the companies making up almost half the U.S. home-loan market.
“We have determined that it is necessary to take [...]

We all know that the Presidential election has its effects on the market place.  It seems that everything has been very bad this year with all companies and there recession worries.  But what do you think the market would be like if the presidential race was not going on?  Where do you believe the interest rates would be if [...]

By Ryan Derousseau, CNNMoney.com
Despite possible growth in defaults, all mortgage rates drop slightly with the help of unexpected economic growth.
New York (CNNMoney.com) — Mortgage rates declined, easing for the third straight week, according to a report from mortgage finance giant Freddie Mac.
Rates for 30-year fixed-rate mortgages (FRMs) averaged 6.35% in the week ending Sept. 4, [...]

By Paul R. La Monica, CNNMoney.com editor at large
Some argue that a higher minimum wage leads to more unemployment. But with wages failing to keep up with inflation, some think more increases are needed.
Congress passed legislation last year that would raise the minimum wage in stages from $5.15 an hour to $7.25 in July 2009. [...]

By Les Christie, CNNMoney.com staff writer
Loans in foreclosure have doubled over the past year, while delinquency rates continue to soar.
NEW YORK (CNNMoney.com) — A record 1.2 million homes were in foreclosure during the second quarter of 2008.
That represents 2.8% of all outstanding loans, up from 1.4% of all loans during the same period a year [...]

By Glen Johnson, Associated Press Writer on Yahoo.com
ST. PAUL, Minn. – John McCain embarks on his final drive for the White House Thursday night, accepting the Republican presidential nomination and addressing the party’s national convention from a stage that workers were hastily rebuilding to fit his “town hall” approach.
Elsewhere, on the final day of the [...]

By Colin Farr, Daily Briefing on Fortune
Bond manager Bill Gross wants to spread the bailout wealth. Gross says in a commentary posted on the Pimco Web site Thursday that the government must “open up the balance sheet of the U.S. Treasury” to support Fannie Mae (FNM), Freddie Mac (FRE) and, in a new twist, “Mom [...]

By Paul R. La Monica, CNNMoney.com editor
One of the Federal Reserve’s staunchest proponents of its rate-cutting spree explains why lower rates haven’t helped boost the economy.
Eric Rosengren, president of the Federal Reserve Bank of Boston, said in a speech Wednesday that the low federal funds rate of 2% is providing “much less stimulus…than it otherwise [...]

By Demian McLean
Sept. 3 (Bloomberg) — Tropical Storm Hanna may strengthen into a hurricane tomorrow and aim at the southeast coast of the U.S. later this week, after lashing Haiti and the Bahamas with torrential rains.
Farther east in the Atlantic Ocean, Ike strengthened into the season’s fifth hurricane, with 80 mph (129 kph) winds.
Hanna was [...]

By David Mildenberg and Ari Levy
Sept. 3 (Bloomberg) — GMAC LLC and its Residential Capital LLC home loan unit plan to dismiss 5,000 employees, or 60 percent of the unit’s staff, and close all 200 GMAC Mortgage retail offices because of weak real estate markets.
The first 3,000 job cuts will cost $90 million to $120 [...]

By Reuters on Yahoo.com
SEOUL (Reuters) – A lifeline from South Korea for troubled investment bank Lehman Brothers (NYSE:LEH – News) appeared in doubt on Wednesday as the bank leading the plan said nothing had been decided, and other lenders denied interest in taking part.
State-controlled Korea Development Bank (KDB) is in talks with Lehman over a [...]

By Paul R. La Monica, CNNMoney.com editor
With oil prices heading toward $100, that should be good news for consumers. But some think there won’t be true relief until crude hits $80 again.
“The fact that oil has come down is a sign that perhaps the worst is over. Predictions that oil would go to $200 a [...]

By Kelly Olsen, AP Business Writer on Yahoo.com
Korea Development Bank chief says banks working on deal to acquire Lehman Brothers
SEOUL, South Korea (AP) — Korea Development Bank said Tuesday it is in the hunt for troubled U.S. investment bank Lehman Brothers, confirming weeks of speculation over its intentions amid expectations the Wall Street institution is [...]

By Walter Updegrave, Money Magazine senior writer
You can now see that real estate isn’t a sure bet. But that’s just one lesson of this market.
(MONEY Magazine) — You already know that the housing crisis has wreaked havoc with the economy and financial markets, not to mention the lives of millions who’ve lost or could lose [...]

By Ye Xie and Agnes Lovasz
Sept. 2 (Bloomberg) — The dollar rose to the highest level against the euro in almost seven months as crude oil fell and traders speculated that the Federal Reserve’s monetary policy will help the U.S. economy outperform Europe and Asia.
The pound fell to a two-year low versus the greenback on [...]