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Obama considers bank fee to recoup TARP losses

President Obama, looking to recoup billions in expected losses from the Troubled Asset Relief Program, will announce a plan Thursday to impose bank fees. See the original post: Obama considers bank fee to recoup TARP losses

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Haitians in U.S. watch quake news, worry

With phone lines down and communication cut, Haitians living in America are “sick with worry” and scrambling for information about Tuesday’s earthquake, while fretting about their troubled homeland and their loved ones. Read more: Haitians in U.S. watch quake news, worry

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Dutch automaker Spyker submits bid for Saab

DETROIT – (AP) Hopes to keep Swedish car company Saab alive flickered Thursday as Dutch exotic automaker Spyker Cars made another bid to buy the troubled brand from General Motors, but a person briefed on the dealings said GM remains skeptical that Saab can be saved.

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Bank of America to repay TARP, raise cash

Bank of America Corp. said today it plans to repay its $45 billion in government bailout funds in the next few days, a move that will help the troubled bank recruit a new CEO. Go here to read the rest: Bank of America to repay TARP, raise cash

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Obama says al Qaeda still greatest threat to U.S. (Reuters)

Reuters – President Barack Obama said on Monday that al Qaeda remained the biggest threat to U.S. security, as his aides stepped up pressure on Afghanistan and Pakistan to cooperate with Washington’s strategy in the troubled region. Read the original: Obama says al Qaeda still greatest threat to U.S. …

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CIT’s fate still hangs in the balance

Small business lender CIT Group said Friday it was awaiting the outcome of a key bondholder vote that could ultimately push the troubled firm to file for bankruptcy. See the rest here: CIT’s fate still hangs in the balance

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Plan would end taxpayer bailouts for financial firms deemed ‘too big to fail’

Under the Obama administration’s proposal, the cost of future government rescues of large bank holding companies and other complex financial firms would be paid by their surviving rivals. The cost of future government rescues of huge financial institutions would be paid by their surviving rivals while the troubled firms’ management …

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Russian carmaker AvtoVAZ says bankruptcy possible

MOSCOW – (AP) Troubled Russian carmaker AvtoVAZ said Monday that it may have to file for bankruptcy if it fails to refinance its debt, Russian news agencies reported. The company is both loss-making and burdened by debt and plans to cut thousands of jobs in the next couple years t

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Report says Goldman in talks to amend CIT loan

NEW YORK – (AP) Goldman Sachs Group Inc. is said to be in discussions with CIT Group Inc. about potentially amending a $3 billion loan to the troubled lender. Under terms of the loan, CIT would be required to pay Goldman Sachs $1 billion if it were to file for Chapter &helli

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CIT debt swap could cost U.S. more than $1.8 billion (Reuters)

Reuters – If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender. Go here to see the original: CIT debt swap could cost U.S. more than …

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