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Auto industry to press Congress for $50B in loans (AP via Yahoo! News)
Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles.

Shying Away From N.Y. Loans (New York Times)
Fannie Mae and Freddie Mac have said they would not buy subprime loans from New York because a new law exposes them to too much risk and cost.

Nevada's Silver State succumbs to bad loans (The Columbus Dispatch)
WASHINGTON (AP) -- Regulators have shut down Nevada's Silver State Bank, saying the bank failed because of losses on soured loans.


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