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Study: More than half of pets overweight
WASHINGTON, Nov. 18 (UPI) -- U.S. Rep. Barney Frank, D-Mass., Tuesday took U.S. Treasury Secretary Henry Paulson to task for the government's failure to buy up problem mortgages.
During a hearing of the U.S. House of Representatives Committee on Financial Services, Frank, who is the chairman of the panel, noted recently passed bailout legislation specifically authorized buying up such problem assets from financial institutions.
Frank's remarks followed testimony from Paulson, who said the government had decided against directly buying such mortgages. Frank was particularly incensed over the $150 billion spent to bail out American Insurance Group, saying with that in mind, he didn't understand why $24 billion couldn't be found to help homeowners.
"The bill couldn't have been clearer," Frank said, adding that "we have not been as successful as we need to be" in reducing the number of foreclosures.
Paulson said he is looking for ways to help homeowners but at the same time the money needs to be invested in a prudent manner.
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DETROIT, Feb. 14 (UPI) --
The Nigerian who tried to blow up a Detroit-bound jetliner on Christmas Day 2009 shouldn't receive life in prison for the failed attack, his legal adviser said.
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NEWARK, N.J., Feb. 14 (UPI) --
Dozens of fans stood in freezing temperatures along the sidewalks of Newark, N.J., to bear witness to the body of pop singer Whitney Houston being brought home.
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BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
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UPI horoscopes for Tuesday, Feb. 14, 2012.
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