Money Market Rates Fall for Second Day on ECB Action (Update2) (Bloomberg.com)
Dec. 19 (Bloomberg) — Money market rates fell for a second day, adding to evidence that central banks are making headway in their attempts to counter turmoil in money markets.

Academics foresaw subprime mortgage crisis in 2004 - National Post
Academics foresaw subprime mortgage crisis in 2004National Post, Canada - 21 hours agoWhat concerns the academics is the second component, which they describe as a put option written upon the house purchased with a mortgage. …

/ CORRECTION - NAACP: Bailout Mortgage Plan Is Too Little Too Late for the Majority of African American Borrowers; … (Marketwire via Yahoo! Finance)
In the news release, “NAACP: Bailout Mortgage Plan Is Too Little Too Late for the Majority of African American Borrowers; Amended NAACP Class Action Filed Today Naming Additional Lenders,” issued earlier today by Kabateck Brown Kellner; NAACP, we are advised by the companies that the second sentence of the first paragraph should name six more lenders as defendants, rather than seven. …

Paulson says U.S. mortgage relief plan not a bailout (Reuters via Yahoo! News)
U.S. Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a mortgage relief plan, said on Tuesday it was not a bailout for people who made bad decisions.