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World Markets Rise Before Bush Speech

Prez expected to announce plan to bail out subprime borrowers

By Sam Gale Rosen,  Newser Staff

Posted Aug 31, 2007 7:34 AM CDT

(Newser) – European and Asian markets rose today, in anticipation of a plan President Bush is expected to announce to bail out subprime lenders. Bush is expected to allow the FHA to guarantee loans for delinquent borrowers, allowing them to avoid foreclosure. "The news on Bush...   Read full story »

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