Topic: Michael Williams
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The Circle Bastiat
The week's biggest financial news
The Fed defends the housing bubble, Fannie Mae's CEO resigns, and Obama wants to convert foreclosed properties into rentals
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Freddie Mac, on taxpayer support, pays big bonuses
Freddie Mac, Fannie Mae defend $13 million in bonus payments. Executives tell House committee that bonuses needed to keep qualified staff at Freddie Mac and Fannie Mae.
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Hezbollah ministers' resignations prompt boost in Lebanon security
Hezbollah denies any role in Prime Minister Rafik Hariri's killing and forced the collapse of the government last week when Prime Minister Saad Hariri — the son of the slain leader — refused to renounce the tribunal and pull Lebanon's funding for the court.
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The New Economy
Fannie Mae (FMN) relief program could help homeowners hurt by oil spill
The Fannie Mae (FMN) program does not compel servicers managing its loans to suspend payments for distressed homeowners, but at least one servicer - Citibank - has announced its own plan to help Gulf coast homeowners.
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Hezbollah says it's ready for fresh war with Israel – and stronger now
Driving through Hezbollah's stronghold in Lebanon's Bekaa Valley, a veteran fighter says the militant group has made significant military advances since their last war with Israel in 2006: 'We have many other surprises for the Israelis.'
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Ban upheld on offering child porn
The Supreme Court allows a 2003 law dealing with 'virtual' child porn that some thought was too broad.
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Afghanistan strains NATO ties
Secretary of State Rice arrives in London Wednesday to address tensions among key allies.
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