March 30th, 2010
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President Obama signed into law revisions to the new health care law and a measure that revamps the federal government's role in student loans.
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President Obama on Tuesday signed into law revisions to the new health care law and a measure revamping the federal government's role in providing student loans.
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Education Secretary Arne Duncan says the new law that takes out the middleman and brings the federal government in to the student loan business is an investment in students. Earlier Tuesday, President Obama signed into law the last of the legislation for the health care overhaul, including how the federal government issues student loans.
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Ireland To Buy Bad Loans At 47% Discount
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Ireland's so-called 'bad bank' will buy the first tranche of soured loans from the country's financial institutions at an average discount of 47 percent, it said Tuesday.
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March 30 (Bloomberg) -- Ireland’s National Asset Management Agency will pay an average discount of 47 percent on the first block of loans it is buying from the country’s lenders as part of a plan to clean up the ailing financial industry.
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Congress changed the way students will receive financial aid money earlier this month when it passed the health care reform bill. The health care bill included a provision that would make the federal government the only lender of student loans, eliminating bank-based private lenders. Originally, the only source for student loans was a bank-based lending system, but [...]
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Bondholders in Station Casinos Inc.'s bankruptcy case are demanding that Station stop making loans to the Station subsidiary that operates the 496-room Green Valley Ranch Resort in Henderson.
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March 30 (Bloomberg) -- Kenya Electricity Generating Co. , the east African nation’s biggest power producer, is seeking $920 million of international loans to build two geothermal power plants.
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March 30 (Bloomberg) -- VTB Group, Russia’s second-biggest lender, posted a net loss attributable to shareholders of 63.4 billion rubles ($2.2 billion) after it increased its provisions for bad loans to 154.7 billion rubles last year, the bank said in a regulatory filing today.
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