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Credit cards, home equity debt put borrowers in hole - Asbury Park Press
When Bill Raftery drives his 12-year-old son to school at Toms River Intermediate South, he sees the cracks in the American dream. There are two foreclosed homes on the way to Liam's school. He sees a third bank-owned house on the way to Washington ...
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Debt exchanges eyed as credit alternative (Financial Times)
With the credit markets still largely frozen, especially to speculative borrowers, companies such as GMAC, are turning to debt exchanges to deal with capital-raising needs.

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