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Paulson Prepares To Prop Up Fannie, Freddie; Gov't May Lead Takeover (Dawn Kopecki & John Brinsley)
Sept. 5 (Bloomberg) -- Treasury Secretary Henry Paulson met with regulators and executives of Fannie Mae and Freddi today as the Bush administration prepared to announce a plan to prop up the firms ...
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Breaking Reports: Fannie Mae, Freddie Mac Takeover Set (MSNBC)
Top execs would be dismissed and common stock diluted under federal plan
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HSBC says super-rich clients moving into cash (Laura MacInnis)
GENEVA (Reuters) -- Many of the world's wealthiest people have moved their money out of stocks and bonds and into cash, the head of HSBC's Swiss private banking unit said.
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Volcker Says Finance System `Broken,' Losses May Rise (Doug Alexander and Steve Matthews)
Sept. 5 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said the U.S. financial system, dependent upon securitization rather than traditional bank loans, is broken, and may contribute to ...
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U.S. Mortgage Foreclosures, Delinquencies Reach Highs (Kathleen M. Howley)
Sept. 5 (Bloomberg) -- Foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more Americans to ...
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U.S. Payrolls Fell 84,000; Jobless Rate Jumps To Five-Year High Of 6.1% (Shobhana Chandra)
Sept. 5 (Bloomberg) -- The U.S. lost more jobs than forecast in August and the unemployment rate climbed to a five-year high, heightening the risk that the economic slowdown will worsen.
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Trying To Make Nice (Mary Lyon)
(World News Trust) -- Dear Senator McCain, Well, gee, look at you, ‘eh? Have we finally met the “kinder, gentler” Republican that Republicans have been teasing us with for 20 years now? And why is ...
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Crude Oil, Copper Lead Decline in Commodities in London Trading (Chanyaporn Chanjaroen)
Sept. 5 (Bloomberg) -- Crude oil and copper led a decline in commodities in London trading on expectations that demand for raw materials will weaken as global economic growth slows.
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'Panic' Grips Global Markets (John Heinzl)
(Globe and Mail) -- Enjoying September are you? Didn't think so.
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RNC Welcoming Committee: Meeting the Press at last (Mary Turck)
Another police blockade of the High Street bridge did not stop media intent on finally having a look at the RNC Welcoming Committee space and members. On Thursday morning, six RNC-WC members ...
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How Anti-Intellectualism Is Destroying America (Terrence McNally)
Sad but true: Intelligence is a political liability in the US. Author of The Age of American Unreason Susan Jacoby explains why.
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