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CIT Group's biggest hurdle: Keeping customers
NEW YORK - A Chapter 11 filing usually means the end of the road for financial companies since they rely so heavily on customer trust. CIT Group Inc. is hoping that its case will be different.
People:Timothy Geithner Activities:2009 CIT Group Crisis Source:(AP)
2009-11-02
Fed unlikely to change tack as recession ends
WASHINGTON (AFP) - The US Federal Reserve is unlikely to raise key interest rates this week or unwind emergency support as the economy starts a tough recovery from recession, analysts say.
Nations:Australia People:Ben Bernanke
2009-11-01
How Goldman secretly bet on the housing crash
WASHINGTON - In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.
Nations:U.S. People:Henry Paulson Edward Kennedy
2009-11-01
Geithner: Recovery could be 'a little choppy'
WASHINGTON - Treasury Secretary Timothy Geithner says the economic recovery "could be a little choppy" and it's going to take a while.
People:Timothy Geithner Activities:2008 U.S. Recession Source:(AP)
2009-10-31
Celebs, lobbyists among White House guests
WASHINGTON - Celebrities Oprah Winfrey, George Clooney and Denzel Washington, prominent Democratic fundraisers and heavyweights from the financial services and high-tech industries were among those landing visits with President Barack Obama or others at the White House during Obama's first months in office.
Nations:U.S. People:Denzel Washington Michael Moore Larry Summers Steve Ballmer Joseph Biden Barack Obama Activities:Obama Admin.
2009-10-30
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