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  1. The credit crunch is closing in on credit cards. Banks that got burned on bad mortgages are now bracing themselves for billions more in bad debt on credit cards -- so they're trying to cut their losses by cutting off customers. Big-name credit card ...
    www.freep.com
  2. WASHINGTON (AFP) — President-elect Barack Obama's chief of staff Sunday urged swift action to rescue the US auto industry, which is in peril due to flagging sales, job cuts and the credit crunch. "Washington needs to look at fast-forwarding the 25 ...
    rawstory.com


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