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• U.S. moves to get $700 billion rescue started
Another team would work on buying residential mortgages, which he said were currently clogging the books of regional banks, and another would focus on the program to buy equity stakes in private banks as a way to boost their capital. Kashkari ...
• Venezuela shuts down nearly all McDonald’s
CARACAS, Venezuela - The Venezuelan government has ordered nearly all McDonald's restaurants in the country closed for 48 hours for what it calls irregularities in the fast-food chain's financial books. The tax agency said it ordered more than 100 ...
• Tim Montgomery gets five years for heroin
Tim Montgomery won an Olympic gold medal in the 400-meter relay at the 2000 games and a silver in the same event four years earlier. A doping scandal wiped his achievements from the books. The Associated Press NORFOLK, Va. - Former track star Tim ...
• McCain has 3 weeks to reverse Obama lead
He argues the move is necessary to take thousands of bad mortgages off the books to stabilize home values and restart credit flows. Critics say the plan would reward financial institutions that made the bad loans in the first place. Obama, for his ...
• States warned about impending mortgage crisis
The parent bank sued, claiming Michigan could no longer look at the mortgage lender's books. Citing the threat of unspecified "hostile state interests," the OCC argued in its brief that "states are not at liberty to obstruct, impair, or condition the ...