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It's A Bank Battle
A battle broke out Friday for control of Wachovia as Wells Fargo agreed to pay $14.8 billion for the struggling bank, while Citigroup and federal regulators insisted that Citi's earlier and lower-priced takeover offer go forward. ...more
October 4, 2008
Cleaning Up The Housing Mess
The public is seething about the bill the U.S. House must pass today, and the anger is justified. ...more
October 3, 2008
Bush Lobbies Congress To Pass $700 Billion Bailout Bill
WASHINGTON - President Bush and congressional backers of a $700 billion financial industry bailout carried out high-intensity lobbying Thursday, on the eve of a crucial House vote that Bush said "a lot of people are watching." ...more
October 2, 2008
Credit Unions Seen As Less At Risk Than Banks
It started about a month ago, said Patricia Reeves, branch manager with Bay Gulf Credit Union. Customers started calling with questions about the security of their deposits. ...more
September 30, 2008
Lawmakers Scramble To Revise Wall Street Bailout Bill
WASHINGTON - Congressional leaders labored Tuesday to find out how many changes are needed to sell the defeated $700 billion financial system rescue to rank-and-file members. ...more
September 30, 2008
Economy Will Continue To Slide Until Credit Freeze Is Resolved
The biggest financial bailout in U.S. history failed in the U.S. House on Monday, with Republicans solidly rejecting the plan, and many Democrats joining them, even though President Bush said passage is essential to avoid bank failures and financial panic. ...more
September 30, 2008
Bailout Proposal Ready For Vote
The House braced for a difficult vote today on a $700 billion rescue of the financial industry after a weekend of tense negotiations produced a plan that congressional leaders portrayed as greatly strengthened by new taxpayer safeguards. ...more
September 29, 2008
No Bailout
David E. Rawson of Palm Harbor says bailing out financial institution would be morally wrong, unconstitutional. ...more
September 27, 2008
A National Crisis And No Investigation?
I cannot recall another time when a crisis hit this country and Congress was not all fired up to investigate. ...more
September 26, 2008
What's Your Wall Street Crisis I.Q.?
Highlands Today staff compiled this Q&A on a proposed multi-billion rescue package Congress is deliberating to shore up the financial markets, and the $500 billion the government has pledged to help some troubled financial institutions. ...more
September 26, 2008
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