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  • The agency brought civil fraud charges Friday against two CEOs and four former top executives at the mortgage giants, accusing them of misleading investors about risky subprime loans.
  • President Mohammed Morsi's bold move to sack two top generals is generating much discussion about how it could be a decisive step toward democracy.
  • A group of men in Germany tried to beat the summer heat by converting an open-top BMW into a pool — complete with tiki decorations and still drivable. The fun dried up when they passed a motorcycle cop. They pulled over, abandoned the vehicle and jumped into a nearby river. The investigation is still ongoing, but the police did say this car pool probably didn't have a road permit.
  • The Associated Press says in an exclusive that 94-year-old Michael Karkoc was a top commander in SS units that massacred civilians in Ukraine and Poland.
  • Ryan Crocker will depart in mid-summer "for health reasons," the State Department confirms. He has been the top U.S. diplomat in Afghanistan since July 2011.
  • Justin Bieber's video for "Baby" is no longer the most viewed video on YouTube. The new record-holder is "Gangnam Style" by South Korean rapper PSY, which topped 820 million views this weekend. Then, Sunday, Bieber played a halftime concert at Canadian football's championship game — and was booed by the crowd. Keeping his cool, Bieber called out, "Thank you so much, Canada."
  • With more social conservatives in the race this time around, the Romney camp hopes the evangelical vote will splinter, propelling him to a top-two finish in Iowa.
  • The city council passed a law banning pants or skirts that expose more than 3 inches of undergarments or skin. But in the hipster heaven of Williamsburg, Brooklyn, no one would be caught dead in baggy pants. The new website Styleblaster is capturing skinny jeans and slim fits with its webcam on the main drag. Viewers can rate passersby with a click on an old-fashioned top hat.
  • Kasem was the host of the American Top 40 countdown and was known for voicing cartoon characters like Shaggy on Scooby-Doo.
  • Putin plays in the exhibition game every year. Last year he scored seven goals. And just like last year, Putin's team came out on top — he had former NHL players on his team.
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