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  1. GMAC Leaves Individuals Holding Car Lender's Junk (Update2) (Bloomberg)
    Nov. 7 (Bloomberg) -- GMAC LLC may leave thousands of individuals on the hook for about $15 billion of junk-rated debt unless the auto and home lender finds a way to pay its bills.
    www.bloomberg.com
  2. Politics and Law - CNET News
    This week's 60 Minutes included a story about what have been called "financial weapons of mass destruction"--credit derivatives or credit default swaps. CBS News' Steve Kroft reported that a vote in Congress in 2000 on an obscure bill called the ...
    news.cnet.com
  3. Chancellor Alistair Darling tells banks to pass on interest rate cut (Daily Record)
    CHANCELLOR Alistair Darling today told banking chiefs to pass on the interest rate cut to customers "as quickly as possible". The heads of all high street lenders were summoned to a breakfast meeting at the Treasury at which they were urged to drop mortgage rates.
    www.dailyrecord.co.uk
  4. U.S. leaders at loggerheads over bailout (The Globe and Mail)
    WASHINGTON — U.S. authorities are now openly bickering about how to fix the country's woes – most notably, how to spend a $700-billion (U.S.) bailout fund.
    www.globeinvestor.com

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