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Citigroup Girds for Wachovia Takeover Battle With Wells Fargo

Citigroup Inc., hobbled by $61 billion of subprime-related losses, now faces its biggest takeover battle in a fight with Wells Fargo & Co. for contro[...] read more »
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House approves historic bailout bill

In four long days, as credit markets froze, Democratic presidential nominee Barack Obama worked the phones with President Bush. California Gov. Arnol[...] read more »
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Explainer: How the Senate Rescue Bill Is Different

Two days after the House failed to pass a financial rescue bill, sending the stock market into free fall, the Senate will take its own shot tonight b[...] read more »
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Word Reaches Congress: As the Market Goes, So Goes the Electorate

What Representative Joe Barton, Republican of Texas, has heard from constituents this week about the Bush administration’s $700 billion economic bail[...] read more »
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Auto sales plunge as credit crunch hits

Major automakers reported plunging U.S. sales for September -- led by a 34 percent slide at Ford Motor Co -- as an escalating credit crisis hit the s[...] read more »
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Conservatives stand firm on opposition to bailout

The failure of a massive Wall Street bailout bill and a steep fall in the stock market was a price worth paying to stand up for principle, some conse[...] read more »
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Condemn Pelosi But Do What’s Right

If any House Republicans actually changed their votes on the bailout bill because Nancy Pelosi gave an ugly partisan speech, then they don’t deserve [...] read more »
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Bailout Fallout: What Should McCain and Obama Do Next?

Less than 24 hours after the bill to bailout the financial industry died an ignominious -- and surprising -- death in the House of Representatives, b[...] read more »
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US August consumer spending unchanged; personal income up 0.5 pct

US consumer spending was flat in August despite a larger-than-expected increase in personal income, while inflation rose at its fastest annual pace i[...] read more »
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Morgan Stanley Completes Mitsubishi Deal

Morgan Stanley announced Monday that it had completed a previously announced deal to raise capital from Mitsubishi UFJ Financial Group, a large comme[...] read more »
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Stocks Plunge on Financial, Bailout Worries

Major U.S. stock indexes were plunging Monday morning amid another rush of events in the fast-moving global ”credit. Traders apparently do not like t[...] read more »
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What About the Rest of Us?

Lawmakers were still wrangling Thursday night about the Bush administration’s $700 billion bailout of the financial system. Political theater was mai[...] read more »
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Schwarzenegger vetoes bill increasing oversight of mortgage brokers - Los Angeles Times

A yearlong push by lawmakers to combat growing numbers of mortgage foreclosures by making sweeping changes in lending practices fizzled Thursday. A b[...] read more »
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Talks Falter on Bailout Deal - washingtonpost.com

A renegade bloc of Republicans moved to reshape a massive bailout of the U.S. financial system yesterday, surprising and angering Bush administration[...] read more »
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