We are making progress on our work with Morgan Stanley, FHFA (Federal Housing Finance Agency) and the Federal Reserve 
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Selected and fresh photos from around the web.
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Editor's pick
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BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
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Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
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A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
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BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
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Hot off the wire
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Orthodox believers light candles during a service in memory of Russian Orthodox Patriarch Alexy II who died Friday, at Christ the Savior Cathedral in Moscow, Friday, Dec. 5, 2008. Russian Orthodox Patriarch Alexy II, who presided over a vast post-Soviet revival of faith but struggled against the influence of other churches, died Friday at age 79.
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General Motors Chairman and CEO Richard Wagoner (L-R), Chrysler CEO Robert Nardelli, Ford Motor Company President and CEO Alan Mulally and United Auto Workers President Ron Gettelfinger testify about a proposed government bailout plan for the US auto industry at a hearing of the House Financial Services Committee on Capitol Hill in Washington, December 5, 2008.
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NEW YORK - DECEMBER 04: Actor Harold Pirraneau attends the 2008 Stockings with Care celebrity bartending night at Bar 13 on December 4, 2008 in New York City.
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Recently starred
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A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93.
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A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008.
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Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009.
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People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march.
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We are making progress on our work with Morgan Stanley, FHFA (Federal Housing Finance Agency) and the Federal Reserve
said Jennifer Zuccarelli
Hopefully we all don't have Monday morning egg on our face ... To the extent that it does happen, I think it is a needed step, it's not just a 24-hour thing ... to the extent that the rumor is true it may be a positive step in the right direction.
said Bill Gross
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