Avie Schneider
Stories By

Avie Schneider

Tuesday

Many experts say reducing mortgage principal can help troubled homeowners avoid foreclosure and stay in their homes. But the regulator who oversees two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, has rejected the idea. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images

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The Spanish bank Bankia in Madrid has asked the government to inject $24 billion. The European Commission is proposing a "banking union" to help eurozone governments rescue banks. Dominique Faget/AFP/Getty Images hide caption

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Dominique Faget/AFP/Getty Images

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