The Franklin Bank, a $5.1 billion asset bank in Houston, TX on Friday became the 18th failed bank of the year when it was closed by the Texas Department of Savings and Mortgage Lending. The FDIC was named receiver of the Franklin Bank and Security Pacific Bank. Fannie Mae says it lost $29 billion in the third quarter, edging the troubled firm ever closer to having to dip into the $100 billion taxpayer fund secured in September. Wall Street is pointed toward a higher open on Monday with hopes that China’s announced $586 billion financial stimulus program will aid a speedier recovery from the world’s recession.”]