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Europe welcomes Obama bank plan, won’t imitate it

LONDON/PARIS (Reuters) – Major European economies offered support on Friday for U.S. President Barack Obama’s plan to limit banks’ size and trading activities but indicated they had no plans to follow suit Read the original here: Europe welcomes Obama bank plan, won’t imitate it

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Asia tracks US tumble after Obama bank proposal (AP)

AP – Asian stock markets tumbled Friday after President Barack Obama proposed a sweeping overhaul of Wall Street banks to avert future financial crises. Read the original here: Asia tracks US tumble after Obama bank proposal (AP)

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Air America radio to file for bankruptcy

Liberal talk radio network Air America is planning to file for Chapter 7 bankruptcy, the company said Thursday. Read the original post: Air America radio to file for bankruptcy

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Obama Confident Congress Will OK Bank Tax Plan

President Obama on Saturday pitched his proposed tax on banks to recover the cost of bailing them out during the financial crisis, saying if they can afford billions more in bonuses, they can pay back taxpayers, too. E-Mail This Add to Del.icio.us Read the original post: Obama …

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Former exec. of failed Atlanta bank pleads guilty (AP)

AP – A former executive at a failed Atlanta bank pleaded guilty Thursday to charges that he overvalued bank assets in a scheme that prosecutors said helped hide bloated accounting figures that could have alerted regulators to massive mortgage fraud. Read the original post: Former exec. of failed Atlanta bank pleads guilty …

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Geithner says was not involved on AIG disclosures

WASHINGTON (Reuters) – U.S. Read the original post: Geithner says was not involved on AIG disclosures

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U.S. mortgage applications driven up by refinancings (Reuters)

Reuters – Demand for U.S. Read the original here: U.S. mortgage applications driven up by refinancings (Reuters)

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Obama packs political punch into economic speech

WASHINGTON (Reuters) – U.S. Read the original: Obama packs political punch into economic speech

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CIT Group To Exit Bankruptcy Protection

CIT Group Inc., one of the nation’s biggest lenders to small and mid-sized businesses, said a judge approved its reorganization plan and it plans to emerge from bankruptcy protection on Thursday. E-Mail This Add to Del.icio.us Read the original post: CIT Group To Exit Bankruptcy Protection

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Oregon felon guilty of poor spelling, appalling punctuation . . . and bank robbery

David Allen Whiting, 44, is sentenced to 8 years, 4 months in federal prison. Read the original here: Oregon felon guilty of poor spelling, appalling punctuation . . . and bank robbery

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