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Wed, 09 Jul 2008 01:45:40 PDT
McCain says supports Fed move to extend lending

Traders gather at the post that trades Philip Morris International on the floor of the New York Stock Exchange March 18, 2008. (Brendan McDermid/Reuters)Reuters - Republican presidential candidate John McCain said on Tuesday he would support a move by Federal Reserve Chairman Ben Bernanke to keep an emergency lending facility for big Wall Street firms open longer than originally planned.
Fed to curb shady home-lending practices

Federal Reserve Chairman Ben Bernanke is reflected in a piece of glass during his keynote address at the FDIC Forum on Mortgage Lending for Low and Moderate Income Households, Tuesday, July 8, 2008, in Arlington, Va. (AP Photo/Luis M. Alvarez)AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.

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