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  1. U.S. backs away from plan to buy bad assets - Portland Tribune
    WASHINGTON (Reuters) - The Bush administration on Wednesday largely abandoned its plan to buy up toxic mortgage assets and said it will focus its $700 billion financial bailout fund on making direct investments in financial institutions and shoring ...
    www.portlandtribune.com
  2. HBOS, RBS Cut Mortgage Rates After Government Meeting (Update2) (Bloomberg)
    Nov. 7 (Bloomberg) -- HBOS Plc , the U.K.'s biggest home loan provider, and three other banks together representing almost half of British mortgage lending today cut interest rates after government ministers urged a reduction.
    www.bloomberg.com
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