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Fund Investors Sue Countrywide over Loan
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Hedge fund Greenwich Financial Services yesterday sued Countrywide Financial Corp., demanding that Countrywide compensate holders of some securities backed by mortgages if the lender changes the terms of the loans… Read More Governors Press Congress for Stimulus Package
The nation's governors urged Congress to pass an economic-stimulus package for states, warning that their collective budget shortfall could rise to $140 billion by mid-2010… Read More Economic Signs Point to Long, Deep U.S. Recession
The U.S. economy entered a recession one year ago, a group of the nation's leading economists said yesterday, and new evidence that the downturn will be deep and prolonged sent the stock market plummeting… Read More Fed Signals More Action to Combat Economic Slump
Federal Reserve Chairman Ben Bernanke laid out new steps the Fed might take to lift the economy after economists revealed that the nation has been in recession for a year… Read More Bailout Monitor Sees Lack of a Coherent Plan
Prof. Elizabeth Warren, the head of a new congressional panel set up to monitor the federal bailout, says that the government still does not seem to have a coherent strategy for easing the financial crisis, despite the billions it has already spent in that effort… Read More |
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