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With all the problems facing the world, including President Obama trying to pass a $3.5 trillion budget through Congress, banks like HSBC have found themselves in the middle.
HSBC is now trying to raise $18 billiion in funding to stay afloat through these hard financial times.
In …

Doom and gloom is prevalent around Wall Street, and it doesn’t look like it will be over anytime soon. Even with the $700 billion bailout, more banks will fail in the next year. While it will help stave off some of the failures …

Just after midnight Congressional leaders and members of the Bush administration came to a tentative deal on the bailout. Nancy Pelosi even said all that had to be done was for the agreement to be put on paper. Even treasury secretary Paulson said …