The Motley Fool - "The American people will never again be asked to foot the bill for Wall Street's mistakes. There will be no more taxpayer-funded bailouts. Period."

AP - NO WAY: Taiwanese regulators have rejected Primus Financial Holdings' planned purchase of AIG's Taiwan life insurance unit.

AP - Taiwanese regulators on Tuesday rejected Primus Financial Holdings' planned purchase of AIG's Taiwan life insurance unit amid concerns that the Cayman Island-based firm may be backed by funds from rival China.

AP - The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself.

The Motley Fool - The recent pullback in the stock market has many investors running for cover. Meanwhile, fear of an imminent double-dip recession and concerns about renewed pressure in the housing market has pushed bond prices to historic highs, reducing bond yields and creating an income crunch for savers. Throughout 2010, billions of dollars have gone into bond mutual funds, and the trend shows no sign of reversing anytime soon.

U.S. News & World Report - The Federal Housing Administration (FHA) is developing a new reverse mortgage product that sharply cuts up-front payments by home owners but also significantly reduces the percentage of a home's equity that can be paid to owners under the program. Reverse mortgages insured by the government are available on homes where the youngest owner is at least 62 years old. The program is called a Home Equity Conversion Mortgage (HECM).

AP - WASHINGTON — Commerce Department releases personal income and spending for July, 8:30 a.m.

AP - WASHINGTON — Commerce Department releases personal income and spending for July, 8:30 a.m.

The Motley Fool - For years, Charlie Munger, Berkshire Hathaway's (NYSE: BRK-A - News; BRK-B) octogenarian co-chairman, has said that Berkshire would one day buy the remaining 20% of Wesco Financial (NYSE: WFC - News) it didn't already own.

Reuters - American International Group Inc has scrapped plans to sell a strategic stake in its Asian life insurance business, AIA, ahead of its initial public offering, a source familiar with the process said on Friday.