Jan. 8 (Bloomberg) -- Citigroup Inc., one of nine U.S. banks to get government aid, agreed to support legislation that would let bankruptcy judges cut mortgage rates for at-risk borrowers, three U.S. senators said today as financial industry ...
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Summary: In his Wall Street Journal column, Karl Rove falsely claimed that Rep. Barney Frank "labeled" President George W. Bush's "proposals" for reform of Fannie Mae and Freddie Mac as "inane." In fact, Frank's remark came in response to Bush's ...
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LONDON, Jan 8 (Reuters) - European shares fell on Thursday, led lower by banks and miners, as a flurry of gloomy economic data raised worries about a deep global recession and weak sales by the world's top retailer, Wal-Mart ( WMT.N ), hurt sentiment ...
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Oil prices tumbled further on Thursday as the government disclosed discouraging economic data and another inventory report showed more erosion in energy demand. Light, sweet crude for February delivery fell 93 cents, to settle at USD 41.70 a barrel ...
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Associated Press Writers= WASHINGTON (AP) — President-elect Barack Obama implored Congress on Thursday to "act boldly and act now" to fix an economy growing perilously weaker. Democratic and Republican lawmakers complained about his tax policies ...
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A similar proposal failed to win approval last year amid stiff opposition from Republicans and some Democrats, as well as banking and housing industry lobbyists because of the possible impact on future borrowers. However, with a recession under way ...
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Emeritus Corporation (NYSE: ESC), a national provider of assisted living and related services to senior citizens, announced today that it has completed the refinancing of seven communities with Freddie Mac for $36.3 million at a fixed rate of 6.05 ...
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