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Fannie, Freddie Regulator Says Principal Reductions Would Benefit Banks

The federal regulator of Fannie Mae and Freddie Mac is arguing that principal reductions for home loans would benefit the banks that hold secondary debt while weakening the mortgage giants' finances.

Fed's Plosser Criticizes Unfettered Asset-Buying

The world's central banks should not have unfettered ability to purchase assets because that violates the traditional separation of monetary and fiscal policymaking and can allow governments to inflate away debts, a top Federal Reserve official said on Monday.

JFK's Honeymoon Mansion On Sale For $95 Million

The luxurious LA mansion where US President John F. Kennedy and his wife Jacqueline spent their honeymoon in 1953 is up for auction for $95 million.