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So Fannie and Freddie Weren't the Problem

So Fannie and Freddie Weren't the ProblemWe are learning just how much mortgage fraud was committed by 18 national and international banks and other financial entities that the Federal Housing Finance Authority (FHFA) originally sued to recover some $200 billion in losses to the GSEs that it regulates, Fannie Mae and Freddie Mac. And today Credit Suisse Bank announced that it had settled with the FHFA and agreed to pay $885 million in damages for misrepresenting the quality of its

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Erratic B.B. King performance makes fans blue

Erratic B.B. King performance makes fans blueST. LOUIS (AP) — At 88, blues guitarist B.B. King is a living legend, a Rock and Roll Hall of Famer with his own satellite radio channel and a string of blues-themed restaurants in New York, Las Vegas and several other cities.

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Giuliana Rancic feels violated by celeb kid photos

PASADENA, Calif. (AP) — Giuliana Rancic says she supports actress Kristen Bell's boycott of publications that feature paparazzi photos of celebrity children taken without consent.... Read more...

Nike warns FX fluctuations to slam profit, expects weak China sales

Nike warns FX fluctuations to slam profit, expects weak China salesNike Inc on Thursday warned Wall Street that growing pressures from weaker currencies in key emerging markets would take a big toll on its profit in the current quarter and into the next fiscal year. The maker of sports shoes and apparel also said sales in China would be unchanged or even down slightly this quarter, reawakening concerns it is having trouble finding its bearings in that market after signs of progress in recent quarters. Nike

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'How to Poo on a Date' wins odd book-title prize

LONDON (AP) — A guide to coping with an awkward romantic moment has been awarded a prize for the year's oddest book title.... Read more...

'Thunder' case suspect says he has mental illness

LAS VEGAS (AP) — A man accused of firing a gun as he tried to make off with costumes and props used by Thunder From Down Under male performers in Las Vegas denies the allegations against him.... Read more...
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