Yahoo - "Paulson: Govt Will Act to Aid Economy" (3-16-08)

"The Bush administration will 'do what its takes' to stabilize chaotic markets and minimize the economic damage, Treasury Secretary Henry Paulson said Sunday after a tumultuous week capped by the government rescue of a teetering investment bank."

The San Diego Union Tribune - "State seeks ways to resolve disputes in homeowner associations" (3-16-08)

"Homeowners who feel they've been wronged by the associations that oversee many of California's housing developments may find solace in proposed legislation that would establish a state-level bureau for resolving such disputes. On the other hand, volunteer boards are thrust into the job of running what are essentially minigovernments and managing budgets that can run in the hundreds of thousands of dollars, yet they receive no formal training."

Yahoo - "JPMorgan to Buy Bear for $2 a Share" (3-16-08)

"Just four days after Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble, he was forced on Sunday to sell the investment bank to competitor JPMorgan Chase for a bargain-basement price of $2 a share, or $236.2 million."

Orange County Register - "Bush says housing’s ‘correcting itself’" (3-16-08)

"the temptation of Washington is to say that anything short of a massive government intervention in the housing market amounts to inaction. I strongly disagree with that sentiment. I believe there ought to be action, but I’m deeply concerned about law and regulation that will make it harder for the markets to recover — and when they recover, make it harder for this economy to be robust. And so we got to be careful and mindful that any time the government intervenes in the market, it must do so with clear purpose and great care. Government actions are — have far-reaching and unintended consequences."