Originally published on Fri December 16, 2011 2:24 pm
RENEE MONTAGNE, HOST:
In federal court in New York this morning, the Securities and Exchange Commission charged six top executives of Fannie Mae and Freddie Mac with civil fraud. The SEC says the executives of the giant mortgage companies mislead investors about the amount of subprime loans their companies held during the housing bust. NPR's John Ydstie reports.
"Bonds sat stoically as U.S. District Judge Susan Illston told baseball's home run king that he had avoided prison but must spend one month in his two-acre Beverly Hills estate, two years on probation, serve 250 hours of community service and pay a $4,000 fine.
Originally published on Fri December 16, 2011 12:29 pm
Fitch ratings agency, one of the big three, said today that it was considering downgrading the credit ratings of six Euro-zone countries. Italy, Spain, Ireland, Belgium, Slovenia and Cyprus could see their their rating cut by one or two notches.
Writer Christopher Hitchens, who died on Thursday from complications of cancer at the age of 62, leaves behind some 18 books and countless essays on politics and public figures. But his most lasting legacy may be his atheism and his long-running duel with what he considered the world's most dangerous threat: religion.
We need a heart-warming story and this fits the bill:
"At Kmart stores across the country," The Associated Press writes, "Santa is getting some help: Anonymous donors are paying off strangers' layaway accounts, buying the Christmas gifts other families couldn't afford, especially toys and children's clothes set aside by impoverished parents."