One Family's Journey Into a Subprime Trap (WallStreet Journal via Yahoo! Finance)
The Montes family bet that the housing boom would continue. Now, with their subprime loan rate set to jump, they face foreclosure on a house worth less than their mortgage balance.

UPDATE: Subprime Mortgage Woes Infect Commercial Paper Market (Nasdaq)
SAN FRANCISCO (Dow Jones) -- Subprime mortgage problems have spread across so much of the credit market that they've begun to cause disruptions in the commercial paper market, which provides a lot of the short-term fuel that keeps corporate America running.

Troopergate, New York-Style (The Weekly Standard via Yahoo! News)
Even by the scandal-pocked history of New York politics, Eliot Spitzer's fall from grace is extraordinary.

Credit easy to get for Mexico's working class (Houston Chronicle)
A few years ago, Valeria Sanchez Marin did not have a credit card in her wallet. Now she's wielding plastic like a pro. She has two Visas and two department store cards, and she's making room for more. "They almost chase you down to give you one," the 32-year-old Mexico City homemaker said of credit card solicitors.

Rigas heading for prison with hope of new trial; Former Adelphia and Buffalo Sabres owner still fighting on eve of ... (Wellsville Daily Reporter)
COUDERSPORT, Pa. — In less than 24 hours, John Rigas reports to a federal prison, and barring a successful appeal or doctor order, it could be the last time anyone sees him on free ground.

Give Your Credit Score A Boost (CBS News)
Financial adviser Ray Martin explains what it is, why it matters, how to see it for free, and how to improve it, on The Early Show .

Refocusing the United Way (The Record)
Bergen County's United Way is a completely different entity than it was five years ago and most of the change is attributable to Tom Toronto.

Weekend Guide (Pittsburgh Post-Gazette)
A list of things to do.

Watch List (Aug. 12-18): Midsummer Meltdown (CoStar Group)
This week's issue would tend to support the notion that housing and credit market woes are spilling over into commercial real estate: Reckson is seeing deals taking longer; condo builder Tarragon is trying to hang on; and a noted economist says we could...

Subprime mortgage woes infect commercial paper market (MENAFN)
Subprime mortgage woes infect commercial paper market