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Fed Speech May Offer Ideas To Revive Economy

Federal Reserve Chairman Ben Bernanke will deliver what’s being billed as an important address about the troubled U.S. economy Friday. He’ll do so at the annual Fed conference in Jackson Hole, Wyo. Growth has slowed this summer and the unemployment rate is stalled at 9.5 percent. » E-Mail This      » Add to Del.icio.us

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Post-Mortgage Meltdown, Where Do We Go Now?

As finance experts rethink federal housing policy and whether troubled mortgage giants Fannie Mae and Freddie are worth keeping, some say the benefits of homeownership for many people just aren’t what they used to be. » E-Mail This      » Add to Del.icio.us

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Consultant: Federal Aid Program Failing Homeowners

A consultant says she was fired from Fannie Mae after she revealed the troubled financial institution was hindering — not helping — homeowners in trouble. She says Fannie Mae put its own agenda ahead of an Obama administration initiative to help homeowners avoid foreclosure. » E-Mail This      » Add to Del.icio.us

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Consultant: Federal Aid Program Failing Homeowners

A consultant says she was fired from Fannie Mae after she revealed the troubled financial institution was hindering — not helping — homeowners in trouble. She says Fannie Mae put its own agenda ahead of an Obama administration initiative to help homeowners avoid foreclosure. » E-Mail This      » Add to Del.icio.us

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Obama considers bank fee to recoup TARP losses

President Obama, looking to recoup billions in expected losses from the Troubled Asset Relief Program, will announce a plan Thursday to impose bank fees. See the original post: Obama considers bank fee to recoup TARP losses

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Bank of America to repay TARP, raise cash

Bank of America Corp. said today it plans to repay its $45 billion in government bailout funds in the next few days, a move that will help the troubled bank recruit a new CEO. Go here to read the rest: Bank of America to repay TARP, raise cash

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Big U.S banks may be forced to raise more capital soon: analyst (Reuters)

Reuters – Most big U.S. banks may be forced to make public offerings soon if the Treasury demands payback of the funds it issued under the Troubled Assets Relief Program, veteran banking analyst Richard Bove said. Excerpt from: Big U.S banks may be forced to raise more capital soon: analyst …

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Plan would end taxpayer bailouts for financial firms deemed ‘too big to fail’

Under the Obama administration’s proposal, the cost of future government rescues of large bank holding companies and other complex financial firms would be paid by their surviving rivals. The cost of future government rescues of huge financial institutions would be paid by their surviving rivals while the troubled firms’ management …

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CIT debt swap could cost U.S. more than $1.8 billion

NEW YORK (Reuters) – If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender The rest is here: CIT debt swap could cost U.S. more than $1.8 billion

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FairPoint in talks with lenders

CHARLOTTE, N.C. – (AP) Troubled phone company FairPoint Communications Inc Read the rest here: FairPoint in talks with lenders

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