4. American International Group, the large insurer known as AIG, lost $5.3 billion in the second quarter as the housing and credit markets continued to tumble [NYT]
5. New York City’s commercial rents are falling [Sun]
6. A Washington Heights couple is trying to lure friends from the Upper West Side to their new neighborhood [Sun]
7. Mortgages are going bad at a rate worse than expected [WSJ]
8. Fannie Mae and Freddie Mac should not be allowed to lobby the government, critics in Congress say [WSJ]
9. Gov. David Paterson yesterday signed a bill supporting affordable housing on Long Island [Newsday]
10. The Galapagos Art Space has re-opened on Main Street in Dumbo after spending 13 years in Williamsburg [Brooklyn Eagle]
