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Yahoo! News Search Results for Finance Credit Repair - Advertisement starts (Tiscali)
economy into a deep recession. A White House spokeswoman earlier said President George W. Bush would sign the bill because it is needed urgently to address the housing and credit crisis, despite concerns about a provision that would provide grants to communities to buy and repair foreclosed homes. - GE, Abu Dhabi government investment co. form $8B commercial finance venture, other projects (INO News)
(AP:HARTFORD, Connecticut) General Electric Co. has agreed to a joint venture with an Abu Dhabi government investment company that will pump $4 billion of outside capital into its weakened commercial finance business, part of new global partnership to expand on GE's fast-growing sales in the Middle East. - GE partners with Abu Dhabi firm for a $8 billion finance fund (International Herald Tribune)
GE and Mubadala, run by the ruling al-Nahyan family, will each contribute $4 billion in equity over three years to the fund, with the aim of reaching $40 billion in assets. - House passes housing bill; Bush lifts veto threat (Reuters via Yahoo! News)
The House of Representatives passed a massive housing rescue bill on Wednesday after the White House dropped a threatened veto, paving the way for passage of measures aimed at shoring up the worst U.S. home market since the Great Depression. - FACTBOX - Key provisions of U.S. housing rescue bill (Reuters via Yahoo! UK & Ireland News)
(Reuters) - With White House encouragement, Congress looks set to pass a housing rescue bill that will backstop Fannie Mae and Freddie Mac, create tougher oversight of the mortgage finance giants and spend billions to prevent home foreclosures. - More Mortgage Refinancing News...
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