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Thursday, January 29, 2009

CNBC.com's News Now: Obama Lectures Wall St.

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DOW 8149.01 -226.44 -2.7%
NASDAQ 1507.84 -50.50 -3.24%
S&P 845.14 -28.95 -3.31%
  Thursday, Jan. 29, 2009
 
 
WHAT YOU SHOULD KNOW
 
  Obama: Wall Street Bonuses 'Outrageous'
President Barack Obama says it is irresponsible and shameful for Wall Street bankers to be paid huge bonuses at a time when the American public is dealing with economic hardship...read more
 

  Biden: Stimulus Package Will Get Better With Changes
U.S. Vice President Joe Biden said Thursday in an interview on CNBC, that the final stimulus bill, which is now in the Senate, will "get better," and he "expects Republicans to vote for it."read more
 

  Bank Bailout Could Cost Up to $4 Trillion: Economists
The cost of restoring confidence in U.S. financial firms may reach $4 trillion if President Barack Obama moves ahead with a "bad bank" that buys up souring assets...read more
 


  TODAY'S TOP 5 VIDEOS  
  1. Obama Lectures Wall Street
President Obama holds a press conference and discusses the financial crisis, Wall Street bonuses and...the Super Bowl.
 

  2. One-on-One with Biden
Vice President Joseph Biden discusses the stiumulus, Wall Street bonuses and policy towards China, with CNBC's John Harwood.
 

  3. Dimon on Recovery
Jamie Dimon, J.P.Morgan chairman and CEO, tells CNBC's Maria Bartiromo when he's expecting an economic recovery.
 

  4. Welch on the Economy
Perspectives on the government's stimulus plan, with Jack Welch, former GE chairma/CEO
 

  5. The Real Davos
Discussing the blog-worthy issues from the World Economic Forum, with Arianna Huffington, the Huffington Post editor-in-chief.
 

  Click here to view all of today's top videos on CNBC.com
 

  CNBC.com BLOG OF THE DAY  
  BLOG OF THE DAY Banks Sitting On An Inventory Time Bomb
An interesting little factoid from RealtyTrac, the online foreclosure sale site that tracks all kinds of foreclosure data. Apparently about 70 percent of foreclosures in its database have not yet been listed on the MLS. I'm wondering why? Why are the banks sitting on all these properties instead of listing them for sale?

See All CNBC.com Blogs
 

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