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Banks to pay $25 million to NY state over mortgage system

DebtFree.net — Wed, 14 Mar 2012 11:00:10 +0000

NEW YORK (Reuters) – Five major U.S. banks have agreed to pay $25 million to New York State over their use of an electronic mortgage database that the state said resulted in deceptive and illegal practices that led to more than 13,000 foreclosures.—
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Paul Krugman: Greece even with debt relief, seems doomed to more years of suffering

DebtFree.net — Mon, 12 Mar 2012 11:00:06 +0000

Even with this debt relief, Greece – like other Europe nations forced to impose austerity in a depressed economy – seems doomed to more yrs of suffering.—
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Australia Revenue Shortfall To Spur Budget Savings Push–Swan

DebtFree.net — Sun, 11 Mar 2012 08:00:14 +0000

Australia Revenue Shortfall To Spur Budget Savings Push–Swan—
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Connecticut Urges Other States to Consider Suits Against Credit Rating Agencies

DebtFree.net — Fri, 09 Mar 2012 08:00:16 +0000

Connecticut officials are encouraging other states to consider suing credit-rating agencies that gave high grades to risky mortgage-backed securities that plummeted in value when the housing market collapsed in 2007-2008. Connecticut Attorney General George Jepsen’s office on Wednesday briefed other …—
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New Zealanders ramp up mortgage debt

DebtFree.net — Tue, 06 Mar 2012 08:00:13 +0000

Data from credit company Veda showing an increase in mortgage inquiries may point to a rise in the property market.—
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Dow bounces back

DebtFree.net — Wed, 29 Feb 2012 08:00:14 +0000

Associated Press Tuesday, February 28, 2012 14,164.53 6,547.05 13,005.12 All-time high Oct. 9, 2007 Great Recession low March 9, 2009 Climbing back Feb. 28, 2012 The Dow Jones Industrial Average on Tuesday reclaimed the last of the ground it held before the carnage of the Great Recession — bailouts, bank failures, layoffs of millions and a stock market plunge that cut retirement savings in half …—
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Oscars: France, Pakistan, Iran react to their films’ wins

DebtFree.net — Tue, 28 Feb 2012 08:00:13 +0000

'The Artist's' success is celebrated (mostly). Pakistan activists are happy 'Saving Face' won. 'A Separation's' triumph is seen in different ways in Iran. 'The Artist's' success is celebrated (mostly). Pakistan activists are happy 'Saving Face' won. 'A Separation's' triumph is seen in different ways in Iran.—
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