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    Personal Finance Headlines
    Oil falls below $108 as traders mull bailout plan (AP)

    Close up of a fuel pump nozzle. Crude oil prices skyrocketed Monday 16.37 dollars higher to close at 120.92 dollars a barrel in New York, lifted by a declining dollar amid a proposed US financial sector bailout.(AFP/File/Gent Shkullaku)AP - Oil prices fell below $108 a barrel Tuesday in Asia in a choppy market driven by uncertainty about whether a $700 billion U.S. plan to buy bad mortgage debt will stabilize the financial system.


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    Tue, 23 Sep 2008 08:05:23 GMT - Yahoo! News: Personal Finance News
    Democrats want pay limits, loan aid in bailout (AP)

    Senate Majority Leader Harry Reid, D-Nev., speaks to reporters after members of Congress met with SEC Chairman Chris Cox, third from  left, and Treasury Secretary Henry Paulson, fourth from left, House Speaker Nancy Pelosi, and Federal Reserve Board Chairman Ben Bernanke, right, Thursday, Sept. 18, 2008, in Washington. Democrats began the week by blaming President Bush for the financial crisis and said it was his job to fix it. But as the disarray became a meltdown and the entire U.S. economy was at stake, they pledged to work with Republicans on a bailout that could cost taxpayers hundreds of billions of dollars. The turnabout reflects the political crosscurrents buffeting lawmakers and the presidential candidates as they confront the gravest threat to Americans' standard of living since the Great Depression.  (AP Photo/Lauren Victoria Burke)AP - Judges could rewrite mortgages to lower bankrupt homeowners' monthly payments as part of congressional Democrats' proposal for a $700 billion financial system bailout.


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    Mon, 22 Sep 2008 18:53:56 GMT - Yahoo! News: Personal Finance News
    Buy, Sell, or Stay Put? Advice from the Pros (BusinessWeek Online)
    BusinessWeek Online - If you're feeling pummeled by market mayhem, you're not alone. With Lehman Brothers (leh.) filing for bankruptcy, Merrill Lynch selling out, and AIG getting a government bailout, investors have been knocked for a loop. Financial advisers have been fielding phone calls from panicked clients, but the smarter ones called their clients first to put things in perspective. "My issue with my clients is: Are they getting to a place where they cannot sleep?" says David Diesslin, a financial planner in Fort Worth. ... -- read full article
    Mon, 22 Sep 2008 12:08:41 GMT - Yahoo! News: Personal Finance News
    Oil spikes $25 a barrel on anxiety over US bailout (AP)

    Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Global stock markets hit fresh trouble Wednesday after the unprecedented US government bailout of giant insurer AIG failed to calm jitters and instead prompted a frenzy for safe haven assets.(AFP/Getty Images/Spencer Platt)AP - Oil prices spiked more than $25 a barrel Monday — the biggest one-day price jump ever — as anxiety over the government's $700 billion bailout plan battered the dollar and touched off frenzied buying of safe-haven investments including crude.


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    Mon, 22 Sep 2008 18:52:26 GMT - Yahoo! News: Personal Finance News
    European, Asian markets up on proposed US bailout (AP)

    Investors smile as they watch the stock price monitor at a private security company Monday, Sept. 22, 2008 in Shanghai, China. Chinese shares soared Monday as prices surged across the board following government moves to support the market, with the Shanghai Composite Index gaining 7.8 percent. (AP Photo)AP - Asian and European stock markets rose Monday as the U.S. government worked on a proposed $700 billion plan to ease the world financial crisis by rescuing banks from billions of dollars in risky mortgage debt.


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    Mon, 22 Sep 2008 14:34:18 GMT - Yahoo! News: Personal Finance News
    Markets volatile as investors await bailout plan (AP)

    Trader Thomas Sampalis calls out a trade in the S  and  P pit at the Chicago Mercantile Exchange, September 17, 2008. (John Gress/Reuters)AP - Volatility swept through the financial markets Monday as investors awaited details of the government's plan to buy $700 billion in banks' mortgage debt and as oil shot higher. Stocks fell sharply, taking the Dow Jones industrials down about 220 points, while investors sought safety in hard assets, such as oil, which shot up by more than $20 a barrel.


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    Mon, 22 Sep 2008 18:37:54 GMT - Yahoo! News: Personal Finance News
    Treasury, Congress ramp up bank bailout talks (Reuters)

    A clerk keeps an eye on the market in the S and P 500 pit at the Chicago Mercantile Exchange September 19, 2008. (John Gress/Reuters)Reuters - The Bush administration and Congress on Sunday ramped up talks on an unprecedented $700 billion bank bailout as they battled the clock to prevent further financial market turmoil that risks hurtling the economy into a deep and damaging recession.


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    Sun, 21 Sep 2008 23:32:40 GMT - Yahoo! News: Personal Finance News
    Editorial reaction to $700B bailout plan (AP)
    AP - Here is what some newspapers had to say about the Bush administration's move to ask Congress for $700 billion to buy up troubled mortgage-related assets from U.S. financial institutions: -- read full article
    Sun, 21 Sep 2008 21:49:18 GMT - Yahoo! News: Personal Finance News
    Administration and Fed move to deal with crisis (AP)

    In this photo provided by ABC News, Treasury Secretary Henry Paulson appears for an interview with George Stephanopoulos on ABC's This Week, in Washington, Sunday, Sept. 21, 2008.  (AP Photo/ABC News, Fred Watkins)AP - The Bush administration and the Federal Reserve are moving on multiple fronts in an effort to calm financial markets that have been roiled by the biggest upheavals on Wall Street since the Great Depression.


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    Mon, 22 Sep 2008 07:42:40 GMT - Yahoo! News: Personal Finance News
    Oil rises as investors mull US bailout (AP)

    Fighters with the Movement for the Emancipation of the Niger Delta (MEND) in Niger Delta. The most prominent armed group in southern Nigeria, MEND, has declared a ceasefire following a week of attacks on oil industry targets after launching an AP - Oil prices rose Monday in Asia as investors grappled with the possible impact on crude demand of a $700 billion U.S. proposal to buy bad mortgage debt.


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    Mon, 22 Sep 2008 08:16:57 GMT - Yahoo! News: Personal Finance News
    Asia stocks extend gains on proposed US bailout (AP)

    Pedestrians look at share prices board in Tokyo, on September 18. The dollar jumped against the yen and euro in Asia on Friday as stocks rebounded on hopes of a new US government plan to rescue troubled financial firms, traders said.(AFP/Yoshikazu Tsuno)AP - Asian markets rose Monday after the U.S. government proposed a US$700 billion plan to solve the world financial crisis by rescuing banks from billions of dollars in risky mortgage debt.


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    Mon, 22 Sep 2008 08:26:10 GMT - Yahoo! News: Personal Finance News
    Regulator wants buyer for Bradford & Bingley: report (AFP)

    A branch of Bradford & Bingley bank is pictured in London. Britain's Financial Services Authority (FSA) is in secret negotiations to facilitate the acquisition of mortgage lender Bradford & Bingley, the Sunday Telegraph reported.(AFP/File/Leon Neal)AFP - Britain's Financial Services Authority (FSA) is in secret negotiations to facilitate the acquisition of mortgage lender Bradford & Bingley, the Sunday Telegraph reported.


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    Sun, 21 Sep 2008 11:46:55 GMT - Yahoo! News: Personal Finance News
    Paulson says bailout needed to shield economy (Reuters)

    President George W. Bush (2nd L) makes remarks on the economy in the Rose Garden at the White House in Washington September 19, 2008. Bush is joined by Federal Reserve Chairman Ben Bernanke (L), Treasury Secretary Henry Paulson (2nd R), and SEC Chairman Christopher Cox. (Jim Young/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson took his case for an unprecedented $700 billion bailout of financial markets to the American people on Sunday, saying it was needed to prevent further damage to an already fragile economy.


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    Sun, 21 Sep 2008 15:34:46 GMT - Yahoo! News: Personal Finance News
    Frank would cap executive pay in financial rescue (Reuters)
    Reuters - Rep. Barney Frank on Sunday proposed including executive pay limits and foreclosure mitigation efforts in the Treasury Department's $700 billion financial bailout plan aimed at absorbing bad mortgage assets that have paralyzed the U.S. financial system. -- read full article
    Sun, 21 Sep 2008 18:45:19 GMT - Yahoo! News: Personal Finance News
    Congress gets $700 billion financial bailout plan (Reuters)

    President Bush speaks about the economy next to Treasury Secretary Henry Paulson in the Rose Garden of the White House, September 19, 2008. (Larry Downing/Reuters)Reuters - The Bush administration on Saturday sent a $700 billion financial markets rescue plan to Congress where Democrats immediately questioned its impact not only on Wall Street, but on homeowners and taxpayers as well.


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    Sat, 20 Sep 2008 17:53:10 GMT - Yahoo! News: Personal Finance News
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