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Government takes over Fannie Mae, Freddie Mac - Reuters
WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more ...

Call for higher tax for super rich - MSN UK News
High earners on more than £100,000 a year should pay higher tax rates to help achieve greater equality between the rich and poor, the TUC has urged. The union organisation said its research showed that an increase in the number of super rich had ...

Government may soon back troubled mortgage giants - Washington Post
In this Aug. 13, 2008 file photo, a foreclosed home sits empty in Chandler, Ariz. A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis ...

McCain: Rich aides may work for $1 a year - Yahoo News
John McCain says he’d impose a little fiscal discipline on his Cabinet — by asking the best-off to work for one dollar per year. The vow, made in an interview taped with Bob Schieffer for CBS’s “ Face the Nation ,” fits with McCain’s new ...

Winners, losers in the U.S. takeover of Fannie/Freddie - Los Angeles Times Blogs
Who wins and who loses under the Treasury’s decision to take control of mortgage titans Fannie Mae and Freddie Mac ? Here’s a quick rundown: --- Owners of both common and preferred shares in the companies could lose it all , depending on how much ...

Rep. Frank: gov't will stabilize Fannie, Freddie - Washington Post
In this Aug. 13, 2008 file photo, a foreclosed home sits empty in Chandler, Ariz. A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis ...

Margareta Pagano: You're not 'super rich' on £100,000, but the TUC ... - The Independent
What's this? A call by the TUC for a new super-tax on the rich? You might be forgiven for thinking we've gone back 30 years to the winter of discontent. But then, maybe we have. That's why the TUC is actually being rather smart with its call for a ...

Officials announce takeover of mortgage giants - North County Times
In this July 2, 2008 file photo, a foreclosed home is seen for sale in Sacramento, Calif. A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing ...

Daddy's girls get rich - News.com.au
WHO needs a Harvard degree, or even talent, when you've got nepotism? If daddy is famous, with millions in the bank, then diamond-studded doors automatically swing open. Tori Spelling had a Dynasty-style childhood in a 123-room mansion in Bel Air ...

GSE rescue could scare bears - MSN MoneyCentral
NEW YORK (Reuters) - Bears have reigned supreme on Wall Street so far in September thanks to growing concern about economies worldwide, but their grip on stocks faces a big challenge after the U.S. government's weekend seizure of control of mortgage ...

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