Despite decades of free-market rhetoric from Republican and Democratic lawmakers, Washington has a long history of providing financial help to the private sector when the economic or political risk of a corporate collapse appeared too high.
The effort to save Fannie Mae and Freddie Mac is only the latest in a series of financial maneuvers by the government that stretch back to the rescue of the military contractor Lockheed Aircraft and the Penn Central Railroad under President Richard Nixon, the shoring up of Chrysler in the waning days of the Carter administration and the salvage of the U.S. savings and loan system in the late 1980s.
Now, with the U.S. government preparing to save Fannie and Freddie only six months after the Federal Reserve Board orchestrated the rescue of Bear Stearns, it appears that the mortgage crisis has forced the government to once again shove ideology aside and get into the bailout business.




Months before the Bush administration ends, historians and open-government advocates are concerned that Vice President Cheney, who has long bristled at requirements to disclose his records, will destroy or withhold key documents that illustrate his role in forming U.S. policy for the past 7 1/2 years.
Vise-Grip is an iconic name in Nebraska, one of the most famous products invented or developed in the state, along with Kool-Aid, raisin bran, and the Reuben sandwich.
Hundreds of children, some as young as nine, are being held in appalling conditions in Baghdad's prisons, sleeping in sweltering temperatures in overcrowded cells without working fans, no daily access to showers, and subject to frequent sexual abuse by guards, current and former prisoners say.
Karzai claims Brown has threatened to withdraw British troops from Helmand province, where 31 of them have died this year, if the president reinstates two provincial governors sacked for alleged dealings in the heroin trade.
Pima County (Tucson), Arizona's Election Integrity advocate and expert, John Brakey was arrested last night while performing his job as an election supervisor, on behalf of both the Democratic and Libertarian parties, during a post-election hand-count audit of ballots.
During the summer of 2006, from her office adjacent to the White House, deputy national security adviser Meghan O'Sullivan sent President Bush a daily top secret report cataloging the escalating bloodshed and chaos in Iraq. "Violence has acquired a momentum of its own and is now self-sustaining," she wrote July 20, quoting from an intelligence assessment. 





























