| Personal Finance Headlines |
| Congress, Bush team agree on some bailout terms
(AP)
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| AP - Scrambling for a swift deal on the $700 billion bailout for failing financial firms, key Democrats and Bush administration officials agreed Monday to include mortgage help for beleaguered homeowners but wrangled over other issues, including "golden parachutes" for executives who benefit from the unprecedented rescue.
-- read full article |
| Tue, 23 Sep 2008 02:16:16 GMT - Yahoo! News: Personal Finance News |
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| Buy, Sell, or Stay Put? Advice from the Pros
(BusinessWeek Online)
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| 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 |
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| Oil spikes $25 a barrel on anxiety over US bailout
(AP)
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| 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.
-- read full article |
| Mon, 22 Sep 2008 18:52:26 GMT - Yahoo! News: Personal Finance News |
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| European, Asian markets up on proposed US bailout
(AP)
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| 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.
-- read full article |
| Mon, 22 Sep 2008 14:34:18 GMT - Yahoo! News: Personal Finance News |
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| Markets volatile as investors await bailout plan
(AP)
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| 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.
-- read full article |
| Mon, 22 Sep 2008 18:37:54 GMT - Yahoo! News: Personal Finance News |
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| Treasury, Congress ramp up bank bailout talks
(Reuters)
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| 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.
-- read full article |
| Sun, 21 Sep 2008 23:32:40 GMT - Yahoo! News: Personal Finance News |
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| Editorial reaction to $700B bailout plan
(AP)
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| 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 |
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| Administration and Fed move to deal with crisis
(AP)
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| 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.
-- read full article |
| Mon, 22 Sep 2008 07:42:40 GMT - Yahoo! News: Personal Finance News |
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| Paulson says bailout needed to shield economy
(Reuters)
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| 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.
-- read full article |
| Sun, 21 Sep 2008 15:34:46 GMT - Yahoo! News: Personal Finance News |
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| Frank would cap executive pay in financial rescue
(Reuters)
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| 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 |
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