Much of the banking drama from the last few weeks can be traced back to bad mortgage bets, making us wish that homeowners were never approved for loans they never could have afforded. Yesterday, a government drafted mortgage aid program launched into action that aims to contain the mortgage crisis from causing more trouble. The $300 billion, three-year initiative aims to allow about 400,000 homeowners to exchange their existing mortgages for more affordable ones, therefore staving off potential foreclosures.

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• "Money Honey" Maria Bartiromo and "Street Sweetie" Erin Burnett are profiled in a compelling piece describing their impact on business news and the journey to the top of their field. — Vanity Fair
• The FDIC has asked Congress for permission to raise the limit on the amount of money it insures for individual bank accounts from $100,000. They believe an increase could hold off customers from running bank deposits.
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• The House passed a bill that would limit surprise interest-rate increases and fees for credit-card users, but it still faces Senate approval and won't be reviewed until the bailout plan has been finalized. — Reuters
• Is your head spinning from all of the recent economic news? Here are 15 things you should know about what's gone down.
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• Forbes released its 27th list of the Forbes 400 ranking the 400 richest Americans — you'll need at least $1.3 billion to join this club. Of course, Bill Gates made the list. — Forbes
• Networking in a time of need: University of Chicago's Graduate School of Business called its alumni that were Lehman employees just one day after the bank filed for bankruptcy.
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From a hiring standpoint, small companies are exhibiting more stability compared to larger ones and you may consider pursuing positions at these less sizable businesses if you're looking for a job any time soon. In August, unemployment reached its highest point in five years and more large companies instituted hiring freezes. Small companies aren't exactly ramping up their recruitment efforts as hiring has remained flat, but it's a more hopeful job market compared to some large companies showing signs of contraction in their workforces.

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