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This is the VOA Special English Economics Report. Financial markets had a rough week again as investors grew more concerned about the United States housing market. Much of the concern is about home loans to people with poor credit or little history

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This is the VOA Special English Economics Report. A house for sale in Cleveland, Ohio Investment banks have long played a part in the financial system. But the recent crisis over securities based on risky home loans has brought them new attention. In

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This is the VOA Special English Economics Report. Last week, France's second largest bank, Societe Generale, announced that a single, middle-level trader had caused the bank to lose over seven billion dollars. It was the largest trading loss by an i

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Top U.S. financial officials say the markets could have been thrown into chaos if the government had not taken strong action to rescue a big investment bank that was falling into bankruptcy. But critics say the move put billions of dollars at risk, a

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China Banking Regulatory Commission on Wednesday issued regulations on banking supervision in the Shanghai Free Trade Zone--its all about quicker approvals, stricter risk controls. The guidance lays out three basic systems, covering simplified entry

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The Bush administration is asking Congress to let the U.S. government buy $700 billion in bad debt. The huge bailout is designed to calm the turmoil on the world's financial markets. Democratic presidential nominee Barack Obama says he supports the p

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