Business News: Paula Deen's cookbook spike in sales

Business News

(CBS) - The controversy surrounding celebrity chef Paula Deen is apparently great for book sales.

Advance orders for Paula Deen's new cookbook have surged since the Food Network and Smithfield foods fired her for using a racial slur years ago.


66 year old Deen, whose cooking empire includes books, cookware, restaurants and TV shows, is said to be worth $10 million dollars.

(CBS) - A group of senators is proposing an overhaul of the housing finance system that would eventually eliminate the government sponsored mortgage giants Fannie Mae and Freddie Mac.

The bipartisan group says the legislation would protect taxpayers from bearing the costs of housing downturns and shift more mortgage and credit risk to the private sector.

During the 2008 housing crisis, Fannie and Freddie were nationalized and bailed out with $187 billion dollars in taxpayer money.


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