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Archive for March 28th, 2008

Now we turn to bills that are moving through congress to attempt to fix the mortgage ‘crisis’.
Congress returns to Washington, D.C., next week with one big thing on its mind: the economy — and how to deal with a crisis that extends from Main Street to Wall Street. The Bush administration is resisting promising money [...]

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Investment Houses Borrow Billions From Fed’s Emergency Lending ProgramWASHINGTON (AP) — Big Wall Street investment companies are taking advantage of the Federal Reserve’s unprecedented offer to secure emergency loans, the central bank reported Thursday.
The lending is part of a major effort by the Fed to help a financial system in danger of freezing.
Those large firms [...]

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