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Yahoo! News: Personal Finance News
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Personal Finance News
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Die, Student Loan, Die!
(The Motley Fool)
The Motley Fool - Make fun of the so-called "professional students" all you want. You know, the ones who, unlike the TAs, remember the original Dukes of Hazzard TV show. But would you be in a huge hurry to check out of the ivory tower and into debtors' prison?
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Fannie's capital better than market perceptions: Lehman
(Reuters)
 Reuters - Fannie Mae's capital and reserves
positions are better than market expectations, and the biggest
U.S. mortgage finance company may not need any more externally
raised capital, according to an analyst at Lehman Brothers.
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French bank profits hit by economic slowdown
(AFP)
 AFP - Weak second-half earnings reported by major French banks on Thursday showed them now suffering from an economic slowdown in addition to further losses from the US subprime mortgage crisis.
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Strong GDP data, weak oil spark Wall St rally
(Reuters)
 Reuters - U.S. stocks rose sharply on Thursday
as the government reported the economy grew at a surprisingly
robust clip in the second quarter and oil prices eased, driving
gains in major industrial and financial companies.
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Fannie Mae shakes up management team
(AP)
 AP - Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled companies is imminent.
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Three Fannie Mae execs out, shares rally earlier
(Reuters)
 Reuters - Fannie Mae , the biggest U.S.
mortgage finance company, on Wednesday announced a shake-up of
top executives, including the exit of its chief financial
officer, in an effort to better implement a plan to preserve
capital and cut losses.
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Treasurys edge higher amid Fannie, Freddie worries
(AP)
AP - Treasury bonds rebounded Wednesday to finish slightly higher amid uncertainty over whether troubled mortgage financiers Fannie Mae and Freddie Mac would need a government bailout.
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Fannie Mae shakes up top staff, keeps CEO
(AFP)
 AFP - Fannie Mae, one of the government-sponsored mortgage finance giants facing trouble from the housing meltdown, announced a shakeup of key management Wednesday while keeping its chief executive.
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Fannie Mae announces management shakeup
(Reuters)
 Reuters - Mortgage-finance company Fannie Mae
on Wednesday announced a management shake-up in an
effort to come to grips with mounting credit losses and a
shrinking capital base.
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3 top Fannie Mae executives to leave company
(AP)
AP - Fannie Mae says three top executives are leaving as the mortgage finance company aims to cope with mounting losses from the mortgage crisis.
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