Today government officials announced that scammers are seeking to take advantage of borrowers that are in danger of default.
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Currently one of the largest problems that President Obama faces is how to solve the problem with toxic assets.
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Ben Bernanke, the Federal Reserve Chairman, told congress today that he asked to sue AIG to prevent them from paying out the large bonuses, but was advised against it.
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President Barrack Obama’s administration plans on unveiling their housing plan within the next week that will use government money to reduce interest rates for struggling borrowers.
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After a very long debate Congress finally announced today that they have reached an agreement on the now lowered $789 billion economic stimulus bill.
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The press release today by Timothy Geithner, the Treasury Secretary for the Obama administration, announced a plan to help restart the flow of credit, clean up and strengthen our banks, and provide critical aid for homeowners and small businesses.
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Starting at 12:00 EST today the House will debate the new $825 billion economic stimulus package. At about 12:30 President Barack Obama will join the debate to try and build momentum for the package which has been having problems getting bi-partisan approval.
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