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House Republicans: 'Protect taxpayers'
The Swampby Frank James Worth a read is the letter House Minority Leader John Boehner sent to sent House Speaker Nancy Pelosi today, reiterating the House Republicans' determination to be significant part of any deal that gets done to help the......Tags: Credit Ratings, Roy Blunt, Alabama, Services and Shopping, Financial Services
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Bailout: 110-page rescue: 'Now the votes'
The Swampby Mark Silva and updated at 8:30 pm The 110-page bailout - the one offering the nation's "clogged'' financial markets a $350-billion purchase of bad mortgage debt and then another $350 billion if Congress buys it again - is ready......Tags: Executive Branch, FBI, Nancy Pelosi, Crime, Law and Justice, Upper House
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Crisis: McCain says mark-to-market suspended
Spin CycleMcCain's campaign sends out an e-mail praising the SEC for dropping "mark to market" rules -- financial accounting rules that essentially require that securities that have lost value be written down to their actual value instead of being carried at......Tags: American International Group, Todd Tiahrt, John McCain, Science and Technology, Newt Gingrich
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Wall Street v Main Street: Winner please
The Swampby William Neikirk What a story! Embattled Main Street rises up to smite Wall Street. The hordes celebrate. The financiers fret. The little folks have flexed their muscles. Too bad that isn't the real story. The real story could well......Tags: Mortgages, Government, Federal Reserve, George W. Bush, Economy, Business and Finance
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Bailout alternative offered by House Dems
The SwampRep. Peter DeFazio introduces the "No Bailout Act" with other House members on September 30, 2008 on Capitol Hill. (Photo: TIM SLOAN/AFP/Getty Images) by Frank James You know the failed but still alive $700 billion bailout proposal has scrambled......Tags: Foreign Exchange Market, Investments, Business Institutions, Laws, Financial Markets
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Bailout crisis partly created in DC room
The Swampby Frank James After nearly every disaster involving Americans, there's the usual investigation to figure out why the plane crashed or the ship sank and to affix blame. The difference between most calamities and the present financial-markets meltdown is...Tags: Defense, Disasters, Investments, John McCain, Banking
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Details on market bailout emerge
The SwampAssistant Treasury Secretary Neel Kashkari speaks to the Institute of International Bankers Monday. (AP/Haraz N. Ghanbari) by James Oliphant Neel Kashkari has a critical job that didn't even exist a few weeks ago. He's the "assistant secretary for...Tags: Executive Branch, Crime, Law and Justice, Values, Ethics, Business Enterprises
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Credit crisis fixes: Six ideas here
The Swampby William Neikirk A major economic stimulus package, including funds to rebuild the nation's infrastructure, is shaping up as one of the top ideas for responding to the worst financial crisis since the 1930s. Asked to name key measures that......Tags: Local Government, Ronald Reagan, Chicago Mortgages, Deacon Jones, Money and Monetary Policy
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McCain aide's firm whacked by SEC
The Swampby Andrew Zajac Sen. John McCain has complained long and loud about inadequate regulation of the financial markets by the Securities and Exchange Commission and recently even called for the dismissal of SEC Chairman Christopher Cox. If the Arizona...Tags: Christopher Cox, John McCain, U.S. Securities and Exchange Commission, Sales
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McCain adviser sued in business dispute
The Swampby Andrew Zajac Top McCain campaign adviser Charles Black has been accused of failing in his duties as a director of e-Smart Technologies Inc. by allegedly allowing its CEO to defraud the company, according to an investor's suit filed in......Tags: Prosecution, Nevada, New York, Defendants, U.S. Securities and Exchange Commission
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Mavericks find November unforgiving
The Swampby Frank James November is obviously not a good month for mavericks, political or otherwise. Today, it's not a political maverick but a Dallas Maverick, specifically, Mark Cuban, owner of the National Basketball Association franchise, who's having a bad.....Tags: Chicago Cubs, Insider Trading, Tribune Company, Basketball, Major League Baseball
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Feds unveil new plans to unfreeze credit
The Swampby Frank James The Federal Reserve and Treasury Department unveiled their latest plans to loosen up the mortgage and consumer credit markets. The Fed is basically going to buy up to $600 billion in bonds and mortgage-backed securities of......Tags: Automotive Equipment, Money and Monetary Policy, U.S. Department of the Treasury, Mortgages, Business Enterprises
Sep 26, 2008
|Blog| Chicago Tribune
Sep 29, 2008
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Sep 30, 2008
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Sep 30, 2008
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Sep 30, 2008
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Oct 3, 2008
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Oct 13, 2008
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Oct 12, 2008
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Oct 21, 2008
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Oct 29, 2008
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Nov 17, 2008
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Nov 25, 2008
|Blog| Chicago Tribune
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