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President Obama, joined by Vice President Biden, announces billion in Recovery Act funding for high-speed rail projects that will provide faster, more energy-efficient travel between cities and create new jobs for American workers. The announcement came during a Town Hall meeting in Tampa, FL. January 28, 2010.
First wave of sub-prime mortgage defaults over. Second wave of mortgage defaults coming now to higher quality credit risks. These are people who have bought homes in the last five years and who have taken out home equity loans. Mortgages now going under water owe more than house is worth. This wave of defaults will [...]
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