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Stocks Sharply Higher as Oil Slides more»»
Wall Street posted big gains as oil prices dropped for the second straight day and investors were encouraged by the possibility of more help for the ailing financial system.
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Report Faults Credit-Rating Agencies more»»
The three main credit-rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages, federal regulators said.
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Lender Reports ‘Elevated’ Withdrawals more»»
IndyMac Bancorp said that depositors were withdrawing cash at an “elevated” pace after Sen. Charles E. Schumer questioned the mortgage lender’s ability to survive the housing crisis.
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