The Christian Science Monitor – President Obama used a visit to Michigan Friday to argue the case that despite its unpopularity, his 2009 bailout of the Detroit auto industry has worked.
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Obama: Detroit auto bailout was unpopular, but it worked
(The Christian Science Monitor)
Reuters – Obama administration housing rescue programs have been ineffective at preventing a rise in home foreclosures even as the government’s support for the mortgage market grew by nearly $700 billion in the past year, bailout watchdogs said on Wednesday.
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Bailout watchdogs slam Obama housing programs
(Reuters)
Reuters – Obama administration housing rescue programs have been ineffective at preventing a rise in home foreclosures even as the government’s support for the mortgage market grew by nearly $700 billion in the past year, bailout watchdogs said on Wednesday.
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Bailout watchdogs slam Obama housing programs
(Reuters)
AP – European officials are under pressure to set up a bailout fund for indebted nations before next week’s publication of bank stress test results, which could highlight new financial strains.
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EU under pressure to finalize rescue fund
(AP)
AP – A property arm of struggling state conglomerate Dubai World is backing out of a plan to build luxury homes in Malaysia as it looks to shore up its finances.
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Dubai World property arm sells off Malaysia stake
(AP)
AP – Dubai’s two stock markets are moving closer together by linking their trading platforms in a bid to boost the number of shares changing hands.
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Dubai’s 2 stock exchanges start to act as 1
(AP)
Reuters – A government program to bail out banks at the height of the financial crisis has so far turned a profit, according to a report by investment bank Keefe, Bruyette & Woods Inc.
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Study finds bank bailouts profitable for U.S.
(Reuters)
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