Sunday morning links

TOP STORIES
Fannie Mae, Freddie Mac Taken Over by Government to Prevent Collapse - Bloomberg
Fannie And Freddie Are Fine, Bernanke Says (7/16/08) - Forbes
US lenders 'face state takeover' - BBC
Regulators close down Nevada's Silver State Bank - MarketWatch
Mortgage Giant Overstated the Size of Its Capital Base - NY Times
Boeing, With an Order Backlog, Is Hit by a Strike - NY Times

MARKETS/INVESTING
Seasonal disorder: It's time to avoid the markets - Globe & Mail
Be on red alert for US market chaos - MSN Money
It's no conspiracy: Gold is just priced right - Globe & Mail
Bull market in oil & commodities is over - Commodity Online

ECONOMY
Retail Sales Excluding Cars Probably Fell: U.S. Economy Preview - Bloomberg
US rules out new economic package - BBC
U.S. unemployment rate hits 6.1%, highest level in five years - LA Times

HOUSING
9% of homeowners are late with bill or in foreclosure, study says - AP
Fannie, Freddie blind to the bubble - AP
Speculation Does Not Explain Apparent Housing Overvaluation - Research Recap
Cashing out the nest egg - Star Tribune

FED/TREASURY/BANKING
Treasury to Rescue Fannie and Freddie - Washington Post
Treasury Secretary Paulson's balancing act on Fannie and Freddie - LA Times
How to determine your bank's financial health - LA Times

INTERNATIONAL
Gulf Arab States to Urge OPEC Not to Cut Oil Output: Week Ahead - Bloomberg
Bank must hold interest rates and ignore panicking politicians - Telegraph UK
Japan's economy: Down but not out - Economist
Britain's economy: How bad is it? - Economist

INTERESTING
Credit Crisis Puts a Dent in Card Offers - NY Times
Illinois kindergarten golfer has ace - AP