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Credit Unions Seen As Less At Risk Than Banks
It started about a month ago, said Patricia Reeves, branch manager with Bay Gulf Credit Union. Customers started calling with questions about the security of their deposits. ...more
September 30, 2008
Lawmakers Scramble To Revise Wall Street Bailout Bill
WASHINGTON - Congressional leaders labored Tuesday to find out how many changes are needed to sell the defeated $700 billion financial system rescue to rank-and-file members. ...more
September 30, 2008
Economy Will Continue To Slide Until Credit Freeze Is Resolved
The biggest financial bailout in U.S. history failed in the U.S. House on Monday, with Republicans solidly rejecting the plan, and many Democrats joining them, even though President Bush said passage is essential to avoid bank failures and financial panic. ...more
September 30, 2008
Bailout Proposal Ready For Vote
The House braced for a difficult vote today on a $700 billion rescue of the financial industry after a weekend of tense negotiations produced a plan that congressional leaders portrayed as greatly strengthened by new taxpayer safeguards. ...more
September 29, 2008
No Bailout
David E. Rawson of Palm Harbor says bailing out financial institution would be morally wrong, unconstitutional. ...more
September 27, 2008
A National Crisis And No Investigation?
I cannot recall another time when a crisis hit this country and Congress was not all fired up to investigate. ...more
September 26, 2008
What's Your Wall Street Crisis I.Q.?
Highlands Today staff compiled this Q&A on a proposed multi-billion rescue package Congress is deliberating to shore up the financial markets, and the $500 billion the government has pledged to help some troubled financial institutions. ...more
September 26, 2008
Economists See Justification In Bailout
Comparisons to Pearl Harbor might have been an exaggeration, according to two University of Florida economics professors. ...more
September 26, 2008
Stocks Slide Further As $700 Billion Bailout Debated
Financial markets extended their declines Tuesday, with the Dow falling more than 150 points, as investors worried that lawmakers were beginning to doubt the necessity of a broad government bailout for financial institutions as a way to revive ailing credit markets. ...more
September 24, 2008
Taxpayers Get A Break In Package Passed By Senate
The Senate passed a giant tax package Tuesday that saves more than 20 million taxpayers from the bite of the alternative minimum tax. ...more
September 24, 2008
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