Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company.

Prompting debate in the Security Council today with a briefing on the situation in Iraq, Under-Secretary-General for Political Affairs B. Lynn Pascoe said that he had returned from a recent visit there “absolutely convinced that the United Nations was d

UPDATED 9:10 a.m. WASHINGTON, D.C. -- President Bush scrambled Friday to bring rebellious members of his own party behind a multibillion-dollar government bailout of the financial system amid bitter political recriminations from both Democrats and Republi

The recently out-of-favour London Stock Exchange enjoyed a rare positive session, jumping 14pc on vague speculation of bid interest from the Chicago Mercantile Exchange and rumours of further stake-building by the Qatar Investment Authority.

I believe I remember vividly that I wrote at the beginning of this decade around 2002 or 2003 that it would be under President George Bush’s watch that the financial collapse would begin in earnest.