The Rabbi stressed that “he prays for peace, as does any individual who believes in God,” but that “anyone who accepts the bible as the word of God must keep in mind that God had promised the land of Israel to the Jewish people alone. The Ishmaelites have no part of this divine guarantee.”
Financial meltdown...
Chinese, Kuwaiti cash to rescue Citibank
Citi and Merrill seek $18bn rescue funds
BofA buys troubled US lender for $4bn
Bank of America yesterday agreed to buy troubled US mortgage lender Countrywide Financial in an all-stock deal worth about $4bn, averting the threat of one of the biggest collapses from the US subprime crisis.
New York probes Wall St. banks over subprime data: report
Reports commissioned by Wall Street banks raised alerts about the high-risk loans, known as exceptions, which fell short of even the lax credit standards of subprime mortgage companies and the Wall Street firms, the newspaper said, but the banks failed to disclose those details to credit-rating agencies or investors.
FBR Subprime Unit to File for Bankruptcy
The Arlington investment firm Friedman, Billings, Ramsey Group said that its subprime mortgage subsidiary would file for bankruptcy protection and that it was likely to lose all of its investment in the firm
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