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Help for Homeowners, at Last?

For all the government’s actions to prop up the markets, credit tightened again last week and stocks sold off worldwide. Rather than confidence, fear of global recession has taken hold – and for good reason.
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Viewpoint: Winning Main Street Hearts and Minds

American Banker | Friday, October 24, 2008 By Robert Gnaizda and Jorge Corralejo Last week the secretary of the Treasury and the chairman of the Federal Reserve Board decided to save the American banking industry from its follies by partially…
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California Is Headed for a Real Fiscal Train Wreck

The Wall Street Journal The state should spend less before calling on Uncle Sam. With credit markets in New York in crisis last week, California Gov. Arnold Schwarzenegger sent an extraordinary letter to Treasury Secretary Henry Paulson asking for $7…
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Viewpoint: Extend CRA’s Benefits Beyond Banking

American Banker By Eugene A. Ludwig The following is an excerpt from a speech on corporate social responsibility Mr. Ludwig delivered Sept. 23 at Adelphi University. Many companies today have admirable programs and foundations designed to serve their communities beyond…
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A Potential Whammy on Aguirre’s WaMu Suit

By KELLY BENNETT Tuesday, Oct. 14, 2008 City Attorney Mike Aguirre made a big splash last week with his plans to sue Washington Mutual for predatory lending, but questions have been raised whether a local official has the authority to…
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Misplaced Blame On CRA

The New York Times October 15, 2008 In recent weeks, Republicans in Congress have been blaming a lot of things, besides themselves, for the subprime mortgage debacle. And many of these same Republicans have long wanted to abolish the Community…
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Foreclosure Freeze Movement Hits Top of Democratic Ticket

LegalNewsline.com BY SCOTT SABATINI TOLEDO, Ohio (Legal Newsline)-A grassroots effort that began near the U.S.-Mexican border reached the heartland of America on Monday when Democratic presidential nominee Barack Obama advocated a 90-day moratorium on some home foreclosures during a rally…
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Tough Talk on Mortgage Suits

By Cheryl Miller SACRAMENTO – Six plaintiffs, including Attorney General Jerry Brown, will ask a federal panel <http://www.jpml.uscourts.gov/>  on Thursday to keep their individual lawsuits against Countrywide Financial Corp. untangled and out of a single federal court.
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