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MBS Players Focused on Govt. Rescue Bill: Mortgage market waited with baited breath on Monday for the House to approve bailout plan

The markets were set for positive news on Monday with the expected passage of the government's Emergency Economic Stabilization Act of 2008, which includes the Troubled Asset Relief Program (TARP). Lawmakers worked long hours all weekend to develop a plan that was palatable to both sides of Congress. Instead, what...

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