Gretchen Morgenson

Credit default swaps on European debt in billions

American financial institutions placing bets on whether European countries will default on debt could be on the hook for billions of dollars.

Fannie Mae and Freddie Mac floundering

C.E.O. Pay Continues to Climb

Fabrice Tourre, Face of Mortgage Securities Fraud

The World

Paulson, Bernanke mum on government takeover of floundering home loan companies