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Anti-Bailout Petitions Crop Up Online

As US politicians wrangle in Washington over a financial rescue package for Wall Street, angry denizens of cyberspace are making their views known on the proposed 700 billion dollar bailout. At petitiononline.com, a group calling itself "Taxpayers Against a Wall Street and Mortgage Bailout" has attracted 13,865 signatures to an online petition to President George W. Bush and Congress opposing the bailout. "Please do not support the efforts to bail out mortgage holders and mortgage lenders with my tax dollars," the petition urges.

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Newspaper Article

Anti-Bailout Petitions Crop Up Online

As US politicians wrangle in Washington over a financial rescue package for Wall Street, angry denizens of cyberspace are making their views known on the proposed 700 billion dollar bailout. At petitiononline.com, a group calling itself "Taxpayers Against a Wall Street and Mortgage Bailout" has attracted 13,865 signatures to an online petition to President George W. Bush and Congress opposing the bailout. "Please do not support the efforts to bail out mortgage holders and mortgage lenders with my tax dollars," the petition urges.

09/26/2008
Key US Mortgage Lenders in Shares Meltdown

Shares of US mortgage finance giants Fannie Mae and Freddie Mac were in a freefall Friday on heightened concerns the trillion-dollar firms may face insolvency or a government takeover. Freddie Mac plunged 47 percent to 4.23 dollars at 1450 GMT following a 22 percent slide on Thursday and Fannie Mae lost 44 percent to 7.40 dollars after a 14 percent drop in the prior session. The shares of the two firms have lost around 80 percent since the start of the year.

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Newspaper Article

Key US Mortgage Lenders in Shares Meltdown

Shares of US mortgage finance giants Fannie Mae and Freddie Mac were in a freefall Friday on heightened concerns the trillion-dollar firms may face insolvency or a government takeover. Freddie Mac plunged 47 percent to 4.23 dollars at 1450 GMT following a 22 percent slide on Thursday and Fannie Mae lost 44 percent to 7.40 dollars after a 14 percent drop in the prior session. The shares of the two firms have lost around 80 percent since the start of the year.

07/11/2008
Backlash Grows as Congress Moves Toward Housing Rescue

As Congress moves to aid distressed US homeowners, the prospect of a new rescue is drawing fire from a diverse array of activists, economists and consumers opposing what they call a bailout. The House of Representatives on Thursday approved a bill to create a 300-billion-dollar federal guarantee for new mortgages for people who may be at risk of losing their homes. President George W. Bush threatened to veto the measure, calling it a reward for speculators and lenders.

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Newspaper Article

Backlash Grows as Congress Moves Toward Housing Rescue

As Congress moves to aid distressed US homeowners, the prospect of a new rescue is drawing fire from a diverse array of activists, economists and consumers opposing what they call a bailout. The House of Representatives on Thursday approved a bill to create a 300-billion-dollar federal guarantee for new mortgages for people who may be at risk of losing their homes. President George W. Bush threatened to veto the measure, calling it a reward for speculators and lenders.

05/12/2008
Big Technology Firms Take on Hollywood Over Piracy

Some of the biggest US technology firms joined Thursday with consumer organizations and others to fight Hollywood's demands for mandatory technology to prevent piracy of films and other digital entertainment. The new group, the Alliance for Digital Progress (ADP), includes Microsoft, Cisco, Intel and Apple, as well as several consumer groups, think tanks, taxpayer organizations and businesses.

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Big Technology Firms Take on Hollywood Over Piracy

BY Rob Lever

Some of the biggest US technology firms joined Thursday with consumer organizations and others to fight Hollywood's demands for mandatory technology to prevent piracy of films and other digital entertainment. The new group, the Alliance for Digital Progress (ADP), includes Microsoft, Cisco, Intel and Apple, as well as several consumer groups, think tanks, taxpayer organizations and businesses.

01/23/2003