The Treasury Department and the Federal Reserve rode to the rescue of Fannie Mae and Freddie Mac over the weekend, promising to lend freely to the giant mortgage companies and provide capital if necessary.
The government’s goal was to fend…

The latest economic headlines conjure up memories of Jimmy Carter in a sweater. Inflation is up. Gasoline prices are hitting records. The economy is sputtering. The ayatollahs are misbehaving. If you change the channel, you almost expect to see the Fonz.…

Credit cards may be the most competitive business in America. Anyone with decent credit — and a lot of people without it — finds his mailbox stuffed with come-ons touting “low introductory rates!” and “big rewards!”
That mailbox battle keeps…

It’s hard to think of $21 billion as pocket change. But as a fix for the subprime mortgage mess, $21 billion barely will buy a Band-Aid. Nevertheless, the Senate seems determined to push ahead with this “rescue lite” for struggling…

Here’s an advance look at one of the editorials that will appear in Tuesday’s Post-Dispatch and online at STLtoday.com/news/editorials.

MORE REGULATION, PLEASE 

In the middle of a grinding credit crunch, Treasury Secretary Henry Paulson on Monday unveiled plans for a…

Did we say that the Fed’s rescue of Bear Stearns was a “limited bailout.” Yes, we did in an editorial March 18.

Oops. It seems the bailout is now looking bigger. The original plan called for Bear’s shareholder to get…