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Mortgages

CU Exec: Toxic Mortgages ‘Like Inhaling Second-Hand Smoke’

SEP 28, 2008 9:18pm ET

WASHINGTON – Congressional leaders came to agreement last night on the Bush administration’s massive bailout package which would have the U.S. Treasury buy up as much as $700 billion in toxic mortgages and mortgage securities, and sent the proposal on for a vote by the House and the Senate as...

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