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April 18, 2008 Archives

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Sen. Reed to seek $40M to bolster SEC monitoring

5:32 PM Fri, Apr 18, 2008 | | Write a comment
By Andrea Panciera    Email

U.S. Sen. Jack Reed said he will seek a $40 million increase in the Securities and Exchange Commission’s budget to bolster the agency’s monitoring of Wall Street investment banks and credit-rating companies. The SEC needs more staff “in terms of......

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Study: Foreclosures to rise in RI

3:06 PM Fri, Apr 18, 2008 | | Write a comment
By John Kostrzewa    Email

A study by the Pew Charitable Trusts released this week projects that an average of one in 31 homeowners in Rhode Island who took out high-cost mortgages during the real-estate boom will lose their homes to foreclosure, most of them......

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Bill filed to stem foreclosure crisis

9:04 AM Fri, Apr 18, 2008 | | Write a comment
By John Kostrzewa    Email

U.S. Representative Barney Frank, D-New Bedford, yesterday introduced legislation to let states buy vacated homes and a federal agency insure refinanced loans to stem foreclosures amid the worst housing slump in a quarter century. One bill would create a $15......

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LNG proposal set for Wednesday

9:02 AM Fri, Apr 18, 2008 | | Write a comment
By John Kostrzewa    Email

Weaver’s Cove Energy will make the first public presentation of its plans to offload LNG supertankers in the town waters of Mount Hope Bay when company officials appear before the Somerset Board of Selectmen during its regular meeting Wednesday night.......

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