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Also Read : Clinton Housing Plan - McCain Housing Plan The third candidate to outline his plans for ending the housing market meltdown was Senator Barack Obama . Speaking at Cooper Union in New York recently the senator addressed the need for tightening regulations and reforming the financial regulatory...
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Fears that the bankruptcy of Bear Stearns would cause widespread uncertainty about the financial conditions of other global investment banks and further deepen the credit crunch prompted Federal Reserve officials to engineer the company's rescue plan, New York Fed Bank President Timothy Geithner said...