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After failing to pass a bill geared at kick starting the financial system in the United States on Monday, market participants are looking for help from central bankers in the form of rate cuts and a return of the failed bill as early as Thursday.
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Written by Mortgage News Daily - Mortgage And Real Estate News on September 30th, 2008 with no comments.
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The New York Times' Julie Creswell and Ben White said it is "The end of an era."
They describe yesterday's Wall Street as "a world of big egos...where people love to roll the dice with borrowed money...in search of ever- higher returns," and what those returns can buy. A place where private equity firms "amassed giant funds and went on a shopping spree, snapping up companies as if they were second wives buying Jimmy Choo shoes on sale."
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Written by Mortgage News Daily - Mortgage And Real Estate News on September 30th, 2008 with no comments.
Read more articles on Home Equity Loans.