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www.banking-business-review.com
The rate on its three-year fixed rate mortgage will be reduced by 0.3% from 7.09% to 6.79%. The rate on five-year fixed rate mortgage will be reduced by 0.70% from 6.89% to 6.19%, with effect from September 15, 2008. According to the bank, the new ... - Lawmakers: Financial bailout agreement reached - BusinessWeek
www.businessweek.com
Warned of a possible financial panic, key Republicans and Democrats reported agreement in principle Thursday on a $700 billion bailout of the financial industry and said they would present it to the Bush administration in hopes of a vote within days ... - The Next Crisis? - Forbes
www.forbes.com
Financial markets are learning the hard way the dangers of excessive debt, and it is only a matter of time before the federal government goes through the same wringer. The next president will have to deal with it. Federal finances have been ...