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The following information is about Default.

Default Defined

Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture.

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Asia stocks soar on Fannie, Freddie bailout

Published September 7, 2008, 7:57 pm, ABS-CBNNEWS.com

HONG KONG - Asian stocks jumped nearly three percent and government bonds tumbled on Monday after Washington took over Fannie Mae and Freddie Mac to save the U.S. housing market and limit the extensive damage of the financial crisis.

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Pakistani vote to give markets brief filip

Published September 7, 2008, 7:40 pm, Reuters via Yahoo! Philippines News

By Sahar Ahmed

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Palestinians Seek to Overturn Judgment, but There?s a $192.7 Million Catch

Published September 7, 2008, 7:36 pm, New York Times

In order for their case against the family of a U.S. victim of terrorism in Israel to be reexamined, Palestinians must post a bond for the amount of the initial judgment, a judge said.

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In Crisis, Paulson's Stunning Use of Federal Power

Published September 7, 2008, 7:33 pm, Washington Post

Hurricane Hank swept through nation's capital yesterday with gale force regulatory winds and a tidal surge of federal cash, upending two of Washington's biggest enterprises and permanently changing the landscape of housing finance in America.

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News Asia-Pacific

Published September 7, 2008, 7:18 pm, Aljazeera

Asian stock markets have soared following the US government's takeover of mortgage giants Fannie Mae and Freddie Mac.

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Asian Stocks, U.S. Futures Rally on Fannie, Freddie Takeover

Published September 7, 2008, 7:10 pm, Bloomberg.com

Sept. 8 (Bloomberg) -- Asian stocks surged the most in eight months and U.S. futures jumped after the U.S. government seized control of Fannie Mae and Freddie Mac, shoring up global financial markets reeling from more than $500 billion in credit losses.

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UPDATE: Asian Currencies, Bank Stocks Rise On U.S. Bailout

Published September 7, 2008, 7:07 pm, INO News

SINGAPORE (Dow Jones)--Heightened risk appetite helped Asian currencies against the U.S. dollar and Asian financial services shares surged, spelling the early Monday market reaction to the U.S. government's housing-lender bailout.

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Automakers Press Washington for Help

Published September 7, 2008, 6:39 pm, The New York Sun

WASHINGTON — Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles. With Congress returning this coming week from its summer break, the industry plans an aggressive lobbying campaign for the low-interest loans. The situation is growing dire after months of tumbling ...

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Fannie, Freddie deal helps some borrowers, not all

Published September 7, 2008, 6:36 pm, San Francisco Chronicle

The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. But for homeowners already behind on their mortgage...

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Fannie, Freddie deal helps some borrowers, not all

Published September 7, 2008, 6:32 pm, The Oklahoman

NEW YORK (AP) -- The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. But for homeowners already behind on their mortgage payments, or who owe more than their homes are now worth, the plan unveiled Sunday by Treasury Secretary Henry Paulson ...

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