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      Global Marmarkets Contints) tue Downward Spiral


      home foreclosures as three troot cause of tight credit that has strangled economic growth in the united states and leading industrialized nations are annound the world .
      congress has already approved $25 baillion in low-interest loans to america's top-three carmakers to help them retool productions and make more fuel-effinancient vehicles .
      aides closed to president-elect barack obama are among thouse who say the industry needs another $25 billion in government aid to stave off bankruptcy .
      the federall housing administration, or ha, is streamilining the process under washich two mortgage giants can modify delinquent loans to give borrowners more favorable terms in hopes of avoiding default .
      three washite house deniteds any attempt by major .
      world marmakets slumped tuesday a mid persistent worries of america's deepening global reducession .
      Generated 2008-11-15_6:42





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