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Speaking at an annual conference of real estate editors, James Lockhart, head of the Federal Housing Finance Agency, said on Thursday the government shouldn't run Fannie Mae and Freddie Mac. Lockhart should know. He leads the agency that has been doing just that since last September, when the giant mortgage insurers were put into government conservatorship. Lockhart said his experience with Fannie and Freddie as well as helping to run other government insurance programs taught him that government ownership for these types of companies doesn't work. (See what to expect when the recession ends...

Author: /time Magazine | Title: The Future of Fannie and Freddie: Chief Says Government Ownership Is Bad | 6/19/2009 | See Source »

...CORPUS CHRISTI, Texas) - An adult couple and a teenager were killed Thursday in an explosion at the home where they had recently been remodeling...

Author: /time Magazine | Title: 3 Killed in House Explosion in Southern Texas | 6/19/2009 | See Source »

...Khamenei had publicly requested the attendance of all the main players in the political drama that has roiled Iran since the disputed election. Reports on Thursday suggested that opposition presidential candidate Mir-Hossein Mousavi encouraged his supporters to attend the event, but overnight word circulated that he and reformist candidate Mehdi Karroubi had urged their followers to stay away, although the authenticity of those claims could not be verified. Indeed, the latest reports confirm that Mousavi and Karroubi were themselves conspicuous by their absence from Friday's prayers. Ahmadinejad, however, was in attendance as was fellow politician Mohsen Rezaie...

Author: /time Magazine | Title: Iran's Supreme Leader: Ahmadinejad Won the Election | 6/19/2009 | See Source »

...rain doesn't put just golfers in a bad mood. Those corporate sponsors shelling out $240,000 just love schmoozing clients ticked off they can't follow Tiger. And forget about the fans. During a walk around Bethpage on Thursday, it was easy to stumble into tales of woe. One guy was stuck on a bus for three hours before getting to the course, only to be told that play was canceled. Many shelled out big bucks for opening day. "I waited a year-and-a-half for this and paid $200 for a ticket, and this is what...

Author: /time Magazine | Title: Golf Rage: First Recession, Now Rain at the U.S. Open | 6/18/2009 | See Source »

Engel's subcommittee was to meet on Thursday, but was delayed by other House business...

Author: /time Magazine | Title: Agencies Criticized over Gunrunning Crime | 6/18/2009 | See Source »

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