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In other news Tuesday, the ousted president of Kyrgyzstan addressed calls for his resignation after a bloody coup and Polish citizens remained in mourning as the body of their first lady returned to Warsaw following a weekend plane crash.
Question: I received a call from my sister this morning asking me for help regarding her credit card debt. According to her bank and credit card issuers, they are raising their credit card interest rates because they have to pay…
Government-appointed AIG CEO Edward Liddy discusses how the financial sector shake-up led to insurer AIG's problems and what measures he intends to take in order to return to successful business strategy.
Wachovia Corp. changed course on a buyout deal Friday, agreeing to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal, reversing an earlier agreement to be acquired by Citigroup.
By PBS NewsHour
Another blow was dealt to the ailing American finance system as Washington Mutual Bank was seized overnight by the U.S. government. By morning its assets were sold off to JPMorgan Chase. Business reporters detail the sudden and drastic move.
As the debate over the proposed $700 billion bailout of Wall Street continues to rage in Washington, the government took over lending giant Washington Mutual Thursday night in what is by far the largest bank failure in American history.
Personal finance concerns have jumped across the country as trouble among U.S. financial firms has roiled Wall Street. Columnist Jane Bryant Quinn and economist Diane Swonk discuss the impact of the crisis on everyday Americans.
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