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  2. Financial Market

Financial Market

McCain Wants to Buy Up Bad Mortgages

Republican presidential candidate John McCain proposed during Tuesday night’s debate using $300 billion of the $700 billion of the financial bailout money to buy up bad home mortgages, instead of rescuing the financial markets. “I would order the secretary of the Treasury to immediately buy up the bad home-loan mortgages in America and renegotiate at […]

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Home Prices Fall to 2005 Levels

U.S. home prices fell 5.5 percent in July compared with the same month a year ago and are about equal to where they were in Oct. 2005, according to the Federal Housing Finance Agency. Prices were down 0.6 percent from June on a seasonally adjusted basis, according to the agency. James Lockhart, director of the […]

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