It seems that no news or measure that the U.S. takes can stem the blood loss. Despite news that the U.S. is considering taking equity stakes in banks to inject liquidity quickly into the financial markets, the Dow Jones Industrial Average (DJIA) continued its dizzying slide.
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Despite attempts to staunch the blood flow, the Dow Jones Industrial Average (DJIA) and all other stock market indices continue to bleed heavily, as the market closed down another 500 points on Tuesday.
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Markets worldwide tumbled, and the Dow Jones Industrial Average (DJIA) dropped below 10,000 for the first time since 2004, as the world tried to determine if the Wall Street bailout passed last Friday will work ... or not.
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The Senate took the lead on Wednesday, passing a bailout bill loaded with tax breaks and other sweeteners for both sides of the aisle, in hopes of crafting a bill that will pass the House of Representatives.
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There is a new scam out involving reverse mortgages that everyone needs to be aware of as it doesn’t affect just senior borrowers. It seems that in their effort to constantly find a way to beat the system, there are some who are looking for ways to use senior borrowers and reverse mortgages to flip properties...
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Ralph Nader tells the congress to put the brakes on "Carte Blanche" bailout. "Haste Makes Waste" with Goliath of Panic Legislation." "Taxpayers are being asked to foot the bill for corporate malfeasance."
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Just in case you think that what happens on Wall Street stays on Wall Street, Barack Obama is already breaking the news. Bailing out irresponsible CEOs who have pocketed billions in bonuses over the last eight years, is going to mean making do without the things that the nation needs.
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On Monday, President Bush urged Congress to move quickly and to resist the temptation to add provisions to the $700 billion bailout bill he has requested saying that such additions "would undermine the effectiveness of the plan.”
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There is a fundamental problem with the whole "let Wall Street fail" meme. Here's why a bailout of some sort is unfortunately necessary - the fundamental issue is that it isn't Wall Street's money that's at risk; it's yours - and what should be done in the future.
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Up, down, up, down, and finally up. The Dow Jones Industrial Average (DJIA) finished up 410 points as a wild rally ensued on rumors of the possible formation of a government entity that will take over banks' bad debt.
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Film director claims American president "succeeded in doing what Osama Bin Laden could not."
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