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Example Headline of Genre for Date
US abandons plan to buy toxic assets
AFP - The US government abandoned plans to buy up the toxic mortgage assets at the heart of the global financial crisis, a reversal that helped send ailing world markets spiralling even lower.
Ranieri's Franklin Bank files Chapter 7 bankruptcy
Reuters - Franklin Bank Corp , the lender founded by mortgage securities pioneer Lewis Ranieri, filed for bankruptcy protection and plans to liquidate, after federal regulators seized its banking unit.
Mandel: Paulson's Shift Is Just a Start
BusinessWeek Online - Listening to Hank Paulson's Nov. 12 speech, one is impressed both by his flexibility and a barely controlled underlying sense of panic. In a few short weeks, the Treasury Secretary has gone from a bailout plan focused solely on using $700 billion to buy up mortgage-backed securities to one that may not spend any money at all on mortgage-backed securities. Instead, as he announced Wednesday, much of the remaining money will be used to support consumer loan markets that have frozen up -- credit-card debt, student loans, and auto loans. ...
Recession gloom raises stakes for crisis summit
AFP - Fresh data showed the rich world plunging into recession on Thursday as the United States warned that an upcoming crisis summit was just the start of a tough reform cycle for the world finance system.
Mortgage rates drop for second week
AP - Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets.
Lenders criticize gov't mortgage aid program
AP - Hundreds of lenders told federal housing officials Thursday that a $300 billion mortgage aid program requires too many losses for consumers and lenders to realistically help 400,000 Americans avoid foreclosure.
Budget deficit hits record, jobless claims surge
AP - The nation's financial picture grew darker Thursday, a day marked by breathtaking numbers: a quarter-trillion-dollar budget deficit for a single month, a half-million new applications for unemployment benefits and a 900-point swing that led Wall Street to its third-biggest point gain ever.
Budget deficit hits record; jobless claims surge
AP - The nation's financial picture grew darker Thursday, a day marked by breathtaking numbers: a quarter-trillion-dollar budget deficit for a single month and projections of up to $1 trillion for a year, a half-million new applications for unemployment benefits and a 900-point swing on Wall Street.
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