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• The fight in Georgia
Many of those investors, in turn, relied uncritically on reassurances from fee-collecting investment banks and ratings agencies that mortgage-backed securities were high-quality. When many of the reassurances proved hollow, the securitization market ...
• Financial industry may face new rules next year
The committee will hold three more hearings this month on hedge funds, credit rating agencies and the role of regulators in the run-up to the crisis. Former Federal Reserve chairman Alan Greenspan has been invited to testify at the third hearing, the ...
• Dive Teams Find Boat On Ocean Floor Off San Pedro
Later Tuesday, agencies involved in the hunt will develop a dive plan to put into effect Wednesday morning in an attempt to refloat the hull and pass it on to the Coast Guard for evidence in the investigation. Agencies involved in the search included ...
• Hungry Zimbabweans live on one meal a day
Aid agencies had been blocked for months from doing their work by President Robert Mugabe's government. The ban was lifted in August, but it took weeks for agencies to start work again. In one of the first distributions since the ban was lifted, aid ...
• Amid crisis, states forced to take ‘drastic action’
North Carolina's governor told state agencies to plan for a 3 percent budget cut, and canceled the purchase of a $9 million jet for showing off the state to executives looking for places to do business. Transportation woes Transportation projects and ...