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Monthly Archive September, 2008

No love for the bailout

September 30, 2008

What do investors think about the $700 billion package? Depends whom you ask.
Stock markets gave it the thumbs down in the morning when it […]

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McClatchy gains wiggle room

September 29, 2008

Newspaper publisher McClatchy Co. has restructured its agreement with lenders in response to declines in advertising revenue.
McClatchy said Friday the amendment to its $1.175 […]

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FDIC chief : Hopes of home loan bailout

September 24, 2008

As Congress moves on the financial bailout plan, restructuring of troubled mortgages should be part of the final package, the head of the Federal […]

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September 23, 2008

Somber. Sobering. Warnings of an economic "meltdown."
That’s how participants described an emergency meeting held Thursday night between leaders of Congress and Treasury Secretary […]

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Vetting Treasury

September 22, 2008

Regardless of how much the government ponies up to salvage the financial sector, the global economic hangover may linger for years.
The Treasury Department has […]

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Bush lays out $700 billion rescue plan

September 21, 2008

WASHINGTON–The Bush administration yesterday formally proposed to Congress what could become the largest financial bailout in U.S. history, requesting virtually unfettered authority for the […]

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House passes anti-speculation bill

Ignoring a presidential veto threat, the House on Thursday approved measures aimed at curbing speculation in oil and other commodity markets. It said federal […]

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Yet another bailout - Taxpayer tally

September 20, 2008

The numbers are big. That much is certain.
The Federal Reserve has backstopped the purchase of Bear Stearns to the tune of $29 billion. […]

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Lenders to FHA: Thanks but no thanks for your help

September 19, 2008

As part of the massive housing rescue bill passed by Congress in July, troubled borrowers will be able to refinance their home loans with […]

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Dear 44: Your economic to-do list

September 18, 2008

Remember that job John McCain and Barack Obama applied for last year? Well, it’s looking a lot different now.
In addition to the usual […]

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