US weighs possibility of troubled mortgage loan guarantees

US lawmakers, feeling that the Bush administration has not shown “the required dedication” to curb mortgage foreclosures, urged the administration to step up aid to struggling homeowners. They opine that the Treasury’s plans to buy stakes in banks will not be enough to fix the housing collapse that underlies the financial crisis.

Strauss-Kahn cleared of wrongdoing in relationship

Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), has been cleared of harassment, favoritism and abuse of power, in connection with his relationship with a female subordinate, an IMF economist.

According to a fund director, who spoke earlier on condition of anonymity, the investigation focused on Strauss-Kahn’s brief, consensual affair in January 2008, with Piroska Nagy, wife of former Argentine central bank, President Mario Blejer.

The inquiry began after a complaint by a third person.

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