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...date the most expensive corporate bailout in American history, requiring $180 billion in government funds. But it may soon have competition. Last week mortgage giant Freddie Mac said it had lost $50 billion in 2008 alone. A look at the company's books suggests the government will have to spend at least triple that much to save the financial firm from collapse. If the housing market worsens, the tab could be even larger...

Author: /time Magazine | Title: Freddie Mac: Government's New Black Hole? | 3/17/2009 | See Source »

...billion in write-offs against future profits. But since Freddie continues to lose money and is now part of the government, the likelihood that it will have to pay taxes anytime soon is probably nil. Add up all those items, and it becomes apparent that the government will probably spend more than $100 billion in additional funds cleaning up the mess at Freddie...

Author: /time Magazine | Title: Freddie Mac: Government's New Black Hole? | 3/17/2009 | See Source »

...House of Cards" paints a sad picture of two people who allegedly followed all the rules yet are still in jeopardy of losing their homes, but I'm short on sympathy [March 9]. My grandfather had a rule, and it was to never spend capital gains on disposables. In other words, don't cash out of real estate to buy junk you don't need. Paula Stevens refinanced three times so she could spend freely on "clothes and gear for her girls"? Are you kidding me? Sorry, but while there certainly are legitimate cases of distressed homeowners, many refinance-based...

Author: /time Magazine | Title: Profiles in Foreclosure | 3/17/2009 | See Source »

...true that I wish I could get my DHAs before the end of my season, use the trainer when I become injured, and spend a smaller portion of my life selling cheer paraphernalia to cover competition fees. However, when I pull on my Harvard crimson and white and show off the results of my endless practices, it’s all worth...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: ALEX IN WONDERLAND: Another Breed of Crimson Athletes | 3/17/2009 | See Source »

...stock market, so now's the time to play the tables. Check out the MGM Grand's "Spring Fling" package, which gets you a room, a $35 credit for food or entertainment, two passes to Studio 54, 25% off spa services, two cocktails by the pool and $10 to spend at the slots - all for $75 per night. Book by April 30 for travel through Sept. 30. 3799 Las Vegas Boulevard South...

Author: /time Magazine | Title: Unemployment Special: Travel Steals and Freebies | 3/16/2009 | See Source »

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