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NEW YORK (Reuters) - Top executives at American International Group Inc knew of potential problems in valuing derivatives contracts, known as credit default swaps, long before questions about the risky transactions caused its stock to plummet, the Wall Street Journal said, citing documents released by congressional investigators.
The problems with these swaps would have driven [...]

ARROYO GRANDE, Calif. (MarketWatch) — America’s out of control, drowning in debt, gorging: $75 trillion and getting worse. Now we’re dumping Fannie and Freddie on America’s balance sheet. Every year we pile trillions more on future generations.
Can’t trust McCain? Obama? Time for new leadership! The best qualified for president is the same great American hero [...]