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GOING DOWN: Washington Mutual, US' largest savings and loan company shut down, selling assets to JPMorgan Chase.

GOING DOWN: Washington Mutual, US

US financial woes deepen, $700 bn bailout plan stuck

US President George W Bush has already said that the bailout should not be seen as helping individual companies. But after six days of intensive talks, the $700 billion bailout debate is still caught in politics.

CREDIT CRISIS: US Fed Reserve approved the cut in lending rates at an emergency weekend meeting.

US Fed Reserve cuts discount rate

Fed also creates lending facility to make short-term loans to financial institutions.

http://www.ibnlive.com/news/us-fed-reserve-cuts-discount-rate/61371-16.html

HIDDEN TRUTH: Raman says the French intelligence agency

Look who bugged our PMO! It's the French

A former top official has claimed the PMO was penetrated by French intelligence.

http://www.ibnlive.com/news/look-who-bugged-our-pmo-its-the-french/45582-3.html

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