Australia guarantees bank deposits to combat crisis
Britian 'to launch its biggest bank bail-out'
Data prove untrue charges that push for affordable housing caused crisis
Ireland's economy ends long winning run
UAE mortgage giants in merger talks
'Deposits in banks safe; no reason for anxiety'
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Paulson Says Crisis Highlights Need for Regulatory Reform
Most Mortgage Rates Drop Reflecting Bond Yields
WSJ Says U.S. Government Planning Dramatic UK-Style Intervention
Treasury Likely to Take Bank Equity Stakes
RTC could be Rescue Plan Role Model
A Prominent Economist and Comfort from the Past
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'Deposits in banks safe; no reason for anxiety'
Text of G-7 plan of action
G7 nations pledge to fight financial crisis
Brazil wants its say in new financial order
Accounting board adopts guidance to ease crisis
Bush says anxiety feeds market frenzy but U.S. rescue plan will work
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A Prominent Economist and Comfort from the Past
WSJ Says U.S. Government Planning Dramatic UK-Style Intervention
Treasury Likely to Take Bank Equity Stakes
Paulson Says Crisis Highlights Need for Regulatory Reform
RTC could be Rescue Plan Role Model
Most Mortgage Rates Drop Reflecting Bond Yields
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Wells Fargo & Co. reported yesterday that Citigroup Inc. has dropped its bid for Wachovia Corp. The move leaves Wells on track to complete a stock-swap acquisition by the end of this year. Combined, W&W originated nearly $80 billion during the second quarter, well above the $58 billion in residential third-quarter production reported by Bank of America Corp. -- including volume from recently acquired Countrywide Financial Corp. The merged entity could wind up as the No. 1 U.S. mortgage
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On Wednesday, the sheriff of Cook County, Illinois, issued a statement indicating he is suspending all foreclosure evictions. The following day, Accredited Home Lenders filed a petition againstthe county seeking to have a former borrower evicted from her foreclosed home. One day later, Accredited decided to withdraw its petition.
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If you want to make a beneficial investment in real estate, no matter what is the location you choose, there are tax foreclosures available for you. Foreclosures are those properties belonging to the borrower, which are repossessed by a bank or a financial company, because the borrower is not able to pay back the mortgage [...]
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If you are looking at the current economy and the drastic rise in home foreclosures across the country, it might seem appealing to try and buy a foreclosure home while the conditions may be ripe for a great deal. Many people are thinking just along those lines now and there is potential to get a [...]
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Oil plummets to $82 on global slowdown fears
Rate cut loosens credit only at the margins
Canadian banks safe, but tight credit pinching economy: Flaherty
States cut spending, put projects on hold
Jobless Claims Drop From 7-Year High
House prices decline at record rate
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AIG Assumes Additional $37.8 Billion Loan
Jobless Claims Continue to Suggest Recession, Economists Say
Crisis Taking Toll on U.S. Consumer Confidence, RBC Survey Shows
Economists Say Soaring Pending Home Sales Don't Point to Bottom Just Yet
Paulson Says Rescue Fund Will Inject Capital into Financial Institutions
RTC could be Rescue Plan Role Model
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The monthly Treasury average was 2.48 percent during September, according to Federal Reserve data. The index was lower than in August and in September 2007. In fact, MTA has not been this low since March 2005.
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Cook County's sheriff has issued a statement indicating he is suspending all foreclosure evictions. The county is home to the City of Chicago. A local banking trade group executive reportedly said that if lenders can't be assured that they have the ability to take over collateral upon default, "we simply won't make the loan."
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