PARIS: U.S. Gen. David Petraeus said Thursday that a 'comprehensive approach' is needed to quell the war in Afghanistan, including reconciliation within the population and 'absolute engagement' with neighboring Pakistan.
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The two mortgage giants Freddie Mac and Fannie Mae -- seized by the government September 7 before they went completely bankrupt, at a potential cost to taxpayers of more than $25 billion -- have been in obvious trouble for much of the past five years -- with criminal investigations, accounting scandals, firings, resignations, huge losses and warnings from the Federal Reserve that their huge portfolio of mortgage securities posed a risk to the overall financial system.
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Following legal threats by Missouri state law-enforcement officials supporting Barack Obama against presidential campaign ads that appeared to be false or misleading, Gov. Matt Blunt today likened the intimidation to 'police state tactics.'
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Video
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By Louise Armitstead
As Washington Mutual became America’s biggest bank failure and politicians argue over the terms of a $700bn rescue plan, a solution to the global credit crisis looked more remote than ever.
It has already become an iconic moment. On Thursday, Henry 'Hank’ Paulson, the US Treasury Secretary and a man with a personal fortune estimated at $700m (£380m), bent down on one knee before the most powerful woman in Congress, Nancy Pelosi, and begged her to save his plan to rescue Wall Street.
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The House website is down.
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By Andrew Donaldson
A tense standoff has developed in waters off Somalia over an Iranian merchant ship laden with a mysterious cargo that was hijacked by pirates.
A tense standoff has developed in waters off Somalia over an Iranian merchant ship laden with a mysterious cargo that was hijacked by pirates.
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