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Stories for Monday, September 29, 2008
Behind the failure of Wachovia
The failure of Wachovia -- the nation's fourth largest bank -- is the next shoe to fall here at home. Let's start with some common customer concerns that Clark is hearing. First, accounts are completely safe, and you can access your funds just as you did before the failure. Second, ...
Bailout vote fails, so what's next?
By now you've heard that the federal bailout plan failed in the House of Representatives. Remember, the first job of a politician is to get re-elected. So it is any wonder that -- weeks before an election -- the pols balked when faced with a bill that was unpopular and ...
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Biz, credit markets show how economic woes affect you
Are you still having difficulty figuring out how all the news today -- and of the past 2 weeks -- affects you? It's difficult to understand why we should help Wall Street bigs who make an average salary of $300,000. If there's one thing we're united by, it's our anger ...
Giant monster-mega banks to dominate new America
It's a new era in banking with 3 giant monster-mega banks -- Citibank, Bank of America and Chase -- rising to dominate the financial landscape. Historically, we've had many banking choices in the United States to avoid concentration of financial power. Canada was really the first developed nation to go ...
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