The Friday Sneak News

[ysengrin]

Have you ever noticed that news items of an unfortunate nature always seem to be timed for release on Friday, so they'll hopefully be buried across the weekend?

• Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place them in a conservatorship ...


• The federal highway trust fund will run out of money this month, requiring delays in payments to states for transportation construction projects, Transportation Secretary Mary Peters said Friday.