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September 10, 2008
All Business: Bailout won't fix consumer credit troubles
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK — The government doesn't want Fannie Mae or Freddie Mac to go broke, but it better start thinking about what happens if the rest of us do.
The latest data on the job market paints an ugly picture: The unemployment rate shot to a five-year high in August and payrolls are being cut at an alarming rate.
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Previous columns:
- Including foreclosures shows a grim housing market, 08-20-2008
- All Business: Keep an eye on how firms are spending, 08-13-2008
- All Business: Now's a good time to brush up on FDIC rules, 08-06-2008
- All Business: U.S. economy: Maybe the glass is half full, 07-31-2008
- Bad CEO behavior goes unpunished at InfoGroup, 07-28-2008
- Bailout for the dollar? Don't hold your breath, 07-21-2008
- All Business: Freddie, Fannie bailout should raise public ire, 07-16-2008
- All Business: Minimum wage hike added burden at small firms, 07-14-2008