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Report: Countrywide Won Influence With Loans

The former Countrywide Financial Corp. made hundreds of discount loans to buy influence with people on Capitol Hill, according to a House report being released Thursday. Countrywide's subprime loans helped start the nation's foreclosure crisis.
NPR

EX-Barclays CEO Apologizes To British Panel

The former head of the bank Bob Diamond apologized for "reprehensible behavior" in testimony before a British parliamentary committee Wednesday. But he complained the bank had been unfairly singled out for manipulating banking loan interest rates.
NPR

The Farmer And The Commerce Clause

Even as it upheld most of the health care law last week, the Supreme Court limited federal power under the Constitution's Commerce Clause. Seventy years ago, an Ohio farmer sought to do the same — and lost.
NPR

Ex-CEO: Barclays Isn't The Only Bank At Fault

"We have a profound issue — that is, an industry-wide issue, not just a Barclays issue," Robert Diamond told Parliament members Wednesday. The former head of Barclays Bank resigned Tuesday over a growing interest-rate manipulation scandal.
NPR

Fear Of Fires Fizzles Some July Fourth Fireworks Fun

This year, three-quarters of the country are experiencing some level of drought, and many cities are temporarily banning fireworks. But restrictions may not keep committed revelers from the rush of lighting a fuse.

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