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Student lender SLM Corp., more commonly known as Sallie Mae, said Wednesday its second-quarter profit plunged 72 percent as funding costs remained high amid further weakening in the credit markets and the company took charges related to its restructuring.
Treasury Secretary Henry Paulson said Wednesday that agreement on a sweeping housing rescue bill will send a strong message to investors around the world and will be key to helping the nation turn the corner on the housing crisis.
The housing bill Congress is preparing to send President Bush would:
Washington Mutual, the Seattle-based bank known for its buoyant advertising slogan, "Whoo hoo!," had little to cheer about as it reported a staggering $3 billion loss - the biggest quarterly loss in its history.
(ALL): Approaching Hurricane Dolly Could Mean Evacuations
(FNM): Statement by Daniel H. Mudd
(FNMPN): Fannie Mae Redemption
(MHP): J.D. Power and Associates Reports: Total U.S. New Light-Vehicle Sales Expected to Drop to 14.2 Million Units, Reaching the Lowest Levels Since 1993