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Archive for October, 2008
A senior Republican lawmaker has questioned John McCain’s energy proposals, including a plan to build 45 nuclear plants by 2030, given the Republican presidential nominee’s resistance to government subsidies.
Lawmakers and regulators clashed over blame for the financial crisis on Thursday, with Christopher Cox, chairman of the Securities and Exchange Commission, saying that divided responsibility in Congress had contributed to poor regulation.
Taxpayers now proud owners of most toxic debt on the market.
Rates on 30-year fixed mortgages fell to 6.04% from 6.46% on news of mild inflation, weak housing market.
Credit Suisse on Thursday offered a downbeat outlook for the rest of the year as big losses in trading added to further write-downs on its leveraged-loan and structured-products businesses. |