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Government bailouts of Freddie and Fannie like giving candy to problem chil
2008-07-15 21:10:00 'Let them fail' Government bailouts of Freddie and Fannie like giving candy to problem children "Let them fail," says Libertarian Party spokesperson Andrew Davis, referring to the mortgage institutions Freddie Mac and Fannie Mae, who the Bush administration has said it plans to rescue from financial collapse. "Let them fail, and let them learn from their mistakes on their own dime," says Davis. "Bailing out these two institutions will only delay the inevitable outcome of any financial firm insulated from the market by government backing. The long run damage of continuing a policy of bailouts far exceeds any short term woes in letting the market consume failing institutions." The Libertarian Party is calling for an end to government bailouts, which it equates to nothing more than welfare for businessmen. The Party believes that government support of these institutions decreases the incentive to make responsible decisions, and unfairly socializes the risk--putting taxpayers...
Lamaze Freddie the Firefly
2008-06-27 01:11:00 Whether state in the cards or unready in the car, your child won’t poverty to go anywhere without Freddie the Firefly. Safe and fun, this plush behave from Learning Curve is a succeeder with babies and teen children of every ages. Child-Safe Design Lamaze Freddie the Firefly features a fleecy ...
By: Modern Toy
Pakistan: Can we change? by Freddie
2008-05-31 09:02:00 Pakistan: Can we change? The present author has in the past made his views clear on Pakistan?s broad model for success: the vision of Iqbal combined with the illustriousness of Jinnah. What is far less clear to all and sundry however, the present author included, is how exactly to go about this. It seems that Pakistan ...
By: MicroPakistan
Fannie Mae, Freddie Mac Revise Policies
2008-05-31 01:37:00 This just in from Darin Marquardt of Chase Home Loans:Fannie Mae and Freddie Mac have recently announced that they are eliminating their declining market policies beginning June 1st. Additional details will be provided when they are received from the Agencies. It is important to note that the mortgage insurance companies still continue to underwrite loans to their declining market polices, so MI restrictions will still apply for now. In light of the Agency announcement, Chase plans to eliminate the Agency declining market policy in an upcoming release. Until further notice, loans should continue to be decisioned per posted policies and product guides.To get prequalified, click here.
--=[ Freddie Joachim ]=--
2008-05-30 20:19:00 Freddie Joachim - In With Time [2008]In With Time Link 2Freddie Joachim's first album, "In With Time," will be dropping in Japan in Spring 2008 under the Subcontact label.With Freddie handling all the production, the album will feature artists: Choice37 (Untapped Sounds), Lauren Santiago, Jacewon, Aloe Blacc (Emanon/Stones Throw), Surreal(The Sound Providers), Son of Ran, Cypher Optics, Othello(Lightheaded), Blu (Johnson & Jonson/Sound in Color),Muneshine (Wax Reform), Profile (The Upstarts/Sound Providers), Latanya Lockett, and Therapy (The AB's/The SmileRays).Please check out his website for The Greatest Podcasts on the net. Organology MusicAll track info is in the comment section...
By: Blak's Lair
ASTRO BOY is Freddie Highmore
2008-05-29 12:29:00 Freddie Highmore (Spiderwick Chronicles) has been cast in the role of Astro Boy which is set to hit theatres in 2009.Astro Boy is coming from Imagi Studios' as a CG-animated motion picture produced by Maryann Garger and with David Bowers as director.Highmore is joining the cast lending his voice to the iconic character and those in charge couldn't be more pleased.Maryann Garger said: "I am very thrilled that Freddie has accepted this role. He is one of the most talented and acclaimed young actors today, and absolutely ideal to portray the iconic Astro Boy."Commented David Bowers: "It's terrific that Freddie has agreed to play Astro. He's a remarkably skilled young actor, whose freshness and vitality make him perfect for the role. Astro Boy is a beloved superhero and has captured hearts around the globe for more than 50 years. I can't wait to see where Freddie takes him." Cathie Horlick2/28/2008Source: Anime Mojo
Are Fannie Mae and Freddie Mac A Danger To US Economy?
2008-05-19 11:35:00 When trying to see the long term implications of the housing slowdown and the credit crisis, you have to put the 2 quasi governmental lenders front and center in the discussion. Fannie Mae and Freddie Mac combined provide the support structure for mortgage lending in the United States. Be it setting benchmarks on lending or ...
Freddie Mac in Trouble, Volcker on the Credit Crisis, The Farm Bill, World?
2008-05-15 20:26:00 by Addison Wiggin & Ian Mathias Freddie Mac losses $151 million? even after admittedly fudging its books Capitol Hill ?worried about the failure? of Freddie and Fannie? a few startling stats not to be overlooked Dollar inches down? Paul Volcker on the event that could bring us ?back to the ?70s, or worse? Bloated farm bill squeezes through ...
Freddie Mac loses $151M in 1Q, but beats expectations
2008-05-14 18:14:00 Mortgage finance company Freddie Mac said Wednesday its first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected. Its shares rose almost 8 percent. McLean, Va.-based Freddie Mac, the nation’s second-largest buyer and backer of home loans, plans to raise $5.5 billion in new ...
By: Latest News
mp-FREE: new Radio Dept. - "Freddie and the Trojan Horse"
2008-05-06 03:56:00 Straight from the band: "It?s time ? once again and more clearly than before ? to show our standpoint. ?Freddie and the Trojan Horse? is about the untruthfulness of the Swedish right-wing government and how the leading party seized power...
--=[ Freddie Hubbard 3 ]=--
2008-04-25 13:53:00 Freddie Hubbard - Liquid Love [1975]Love Link 2A very nice album of smooth electric funk from Freddie -- and one that sort of sits between Miles' Big Fun material, and Donald Byrd's work with Larry Mizell. George Cables helps Freddie with the arrangements, and plays some very nice electric piano and keyboards on the album -- making for a smooth, tight, and nicely spacey batch of 70s soul jazz that proves that not every move to a major label was a bad one. Titles include "Kuntu", "Put It In The Pocket", "Liquid Love", and a version of "Midnight At The Oasis".featuring George Cables, Carl Burnett, Carl Randall Jr., Ray Parker, Henry Franklin, Chuck Rainey, Al Hall, Ian Underwood, Spider Webb, Myuto Correa and - last but not least - Johnny Guitar Watson.FREDDIE HUBBARD ~ LIQUID LOVEAll track info is in the comment section...
By: Blak's Lair
FREDDIE & HIS WIFE
2008-04-24 23:41:00 Fred Durst was seen walking with his wife in Soho. He is so damn hot, I know he's a douche, I don't care.THANKS ICYDK
By: Hollywood Cracks
Fannie Mae, Freddie Mac Spanked For New Accounting Problems
2008-04-23 13:47:00 Is this any surprise, both Freddie Mac and Fannie Mae are now being told to moderate their aggressive accounting methods and be more prudent on the numbers they are reporting. The issue is a bit esoteric but coming after the accounting scandals that enveloped the agencies in the past year, any hint of impropriety should ...
Fannie And Freddie Meltdown Could Cost Up To $1.1 Trillion
2008-04-22 17:10:00 Here?s something to think about. According to CNN Money yesterday, credit rating agency Standard & Poor?s recently estimated that a financial meltdown at mortgage financing giants Fannie Mae and Freddie Mac could require a taxpayer bailout costing $420 billion to $1.1 trillion. CNN Money senior writer Chris Isidore noted that this staggering amount ...
By: Boom2Bust.com
Freddie Mac makes a move to stabilize the conforming-jumbo loan product
2008-04-22 03:03:00 In the news late last week, Freddie Mac makes a move to stabilize the conforming-jumbo loan product, by guarantying 90 day forward commitments to 4 big loan players. This should trickle down to mid-sized mortgage bankers as well, through their correspondent channels.Freddie Mac said Thursday that it will guarantee 90-day, forward-delivery pricing on “conforming jumbo” ...
Freddie joins Fannie in purchasing ?conforming jumbo?s?
2008-04-20 23:29:00 This is a couple of days old - and I’ve received several emails as to why I haven’t blogged about it yet. The answer is that while the news of the GSE picking up jumbo conforming loans is, in fact, news, the bigger story is that there hasn’t been much of an appetite for ...
Fannie and Freddie Jumbos Are A Bust
2008-04-19 09:01:00 Another "Mr. Mortgage" video- and he’s saying the new jumbos from Fannie and Freddie are a bust:
By: HousingDoom
Freddie Ljungberg hopes to be fit for West Ham United
2008-04-16 05:12:00 Freddie Ljungberg hopes to be fit for West Ham United’s match with Derby County despite having a nerve problem. The Upton Park outfit host already relegated Derby on Saturday in the Barclays Premier League, and have been boosted by the Swede’s news. Ljungberg, who has missed the Hammers’ last two matches, was originally thought to ...
By: Blog Hipp
Meltdown of Fannie and Freddie
2008-04-15 16:50:00 Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac.Fannie and Freddie primarily back so-called conforming loans, those made to borrowers with good credit and large down payments. It is crucial for the mortgage industry that the two agencies continue to function smoothly. The two companies are known as government-sponsored entities because they have Congressional charters, which implies that the federal government is behind them.Although few are predicting an imminent need for a bailout, Standard & Poor's recently placed an estimated price tag on this worst case scenario -- $420 billion to $1.1 trillion of taxpayer's money. This dwarfs how much it cost to help banks during the savings and loan crisis of the late 1980's and early 1990's. That cost taxpayers about $250 billion in today's dollars.S&P added that saving Fannie and Freddie might cost so m...
By: Mortgages
Freddie back for Lancs
2008-04-15 12:34:00 Andrew Flintoff is set to return to action for Lancashire's LV County Championship opener against Surrey at The Brit Oval starting on Wednesday.1 Vote(s)
By: JeQQ it
Back to Blogging on the Daily Referendum.
2008-04-08 15:35:00 I'm back. Things have settled down in the Green household and the constant stream of visitors has slowed down to a trickle. Little Freddie weighed in at 7lb 6, looks just like his mum and is in good health. I'm over the moon and even Barnsley losing to Cardiff on Sunday has not dampened my spirits. I would like to thank you all for the good wishes left in the comments section.Right back to blogging!
By: Daily Referendum
Freddie Prinze Jr. Must Never Get Any
2008-03-31 23:32:00 I almost made the headline something like Sarah Michelle Gellar doesn’t have anything interesting to talk about. However, I don’t think it would fit. In the latest issue of Maxim, Sarah Michelle Gellar is forced to relate stories from events that happened several years ago just to find anything remotely interesting in her life. She basically ...
Freddie Bynum (OF-BAL)
2008-03-30 19:46:00 Bynum was placed on the DL. He will likely miss at least the first month after undergoing knee surgery in early March.
By: The RotoFeed
Fannie & Freddie wade deeper into the subprime pool
2008-03-27 18:47:00 Full story here. Still feeling good about that mutual fund that’s holding all that Fannie Mae paper? Forget it. Use ShadowTraders to make your money fast and safely. “…As long-time readers are all too familiar, I have been a persistent critic of government-sponsored enterprises, or GSEs - notably mortgage finance agencies Fannie Mae and Freddie Mac. ...
Freddie Mac and Fannie Mae Trim Reserves To Revitilize the Market
2008-03-21 15:27:00 Freddie Mac and Fannie Mae were given the go ahead to trim their capital reserves to increase liquidity in the mortgage markets. The move will allow the two to add up to 200 billion in new mortgages for the United States housing market. Of course there is a down side. By reducing the capital of ...
OFHEO, Fannie Mae and Freddie Mac Announce Initiative To Increase Mortgage
2008-03-21 00:00:00 Washington, DC - OFHEO, Fannie Mae and Freddie Mac today announced a major initiative to increase liquidity in support of the U.S. mortgage market. The initiative is expected to provide up to $200 billion of immediate liquidity to the mortgage-backed securities market.
Now is NOT a great time to buy a home. Freddie Mac CEO thinks prices have
2008-03-20 15:17:00 "We have absorbed a little more than half of the expected losses in the housing decline. We have seen only a third of the housing price decline that we expect."- Freddie Mac CEO Richard Syron, March 2008
By: Housing PANIC
OFHEO, Fannie Mae And Freddie Mac Cuts Excess Capital Level by a Third
2008-03-19 19:12:00 Washington, DC - OFHEO, Fannie Mae and Freddie Mac today announced a major initiative to increase liquidity in support of the U.S. mortgage market. The initiative is expected to provide up to $200 billion of immediate liquidity to the mortgage-backed securities market. OFHEO estimates that Fannie Mae?s and Freddie Mac?s existing capabilities, combined with ...
Fannie and Freddie OK?ed to Become Insolvent?
2008-03-19 15:02:00 I must admit this doesn’t make a lot of sense in the general scheme of things, however, with the Fed ready to step in and bailout everyone who is failing, it makes sense. Fannie Mae and Freddie Mac are having their capital requirements loosened by the Office of Federal Housing Enterprise Oversight. Excuse me, but isn’t ...
Freddie Mitchell Is Bumping His Gums Again
2008-03-15 23:25:00 Ex-Eagle Freddie Mitchell is doing what he does best. Talking too much. Even though he completely sucked as a pro, was cut from two teams, and has been out of football for 3 years, Freddie thinks he is prime for an NFL comeback. Ex-Fred had a tryout with the Toronto Argonauts(Canadian Football) last year. and he could ...
Freddie Mitchell’s Not Playing, Still Talking
2008-03-14 09:52:00 Former Philadelphia Eagles wide receiver Freddie Mitchell was well known during his brief 4 year NFL career. Not for his play, because outside of 4th and 26 he didn’t do much. It’s hard to believe that he was drafted ahead of Chad Johnson, Steve Smith, and Reggie Wayne. Donovan McNabb probably throws up every time he thinks about that. (Or anytime he scrambles on consecutive plays in games played in Florida. Trust me. These are the dumb things I notice.) It kills me and I’m just fan. Even though he didn’t display much on the field, FredEx talked a good game and it looks like he still does. Freddie was hanging out at the UCLA Bruins’ pro day workout talking to scouts and letting them know he can still get down. He also talked about why he didn’t succeed in Philly. “Me and T.O. were the best of friends, and that hurt my relationship with Donovan. There were issues between me and Donovan.” Freddie’s right. His tight relationship wit...
By: You Been Blinded
Freddie King (1934-1976) (Audio CD)
2008-03-13 06:03:00 Freddie King (1934-1976) (Audio CD)By King, Freddie 7 utilised and new from $30.00 Customer Rating: First tagged “blues” by Stephen L Moskal Sr Customer tags: blues(2), blues guitar, blues music, electric vapors ...
Countrywide stock heading to zero, Fannie and Freddie in massive trouble, a
2008-03-10 20:42:00 Well, the market seems to agree with HP - the BofA / Countrywide Toxic Mortgage ain't gonna happen and shares are in freefall again. Tough to effectively integrate a company when everyone is under investigation or heading to jail too...Then you have a piece in Barron's about the future prospects of Fannie and Freddie and the massive - and I mean MASSIVE - writedowns to come. Can you say government bailout? Can you say ABSOLUTE F*CKING RAGE FROM HP'ERS? The fact that Fannie owns $314 BILLION in liar's loans alone should FREAK YOU OUT.And then you have the NY governor (and Clinton supporter) about to resign after a hooker scandal, and yet Mozilo still runs Countrywide into the ground. How's that?And of course, the stock market is tanking... again... I swear, housing panic is everywhere.BARRON'S COVER - Is Fannie Mae the Next Government Bailout?IT'S PERHAPS THE CRUELEST OF ironies that in the U.S. housing market's greatest hour of need, the major entity created during the Depr...
By: Housing PANIC
Orioles shortstop Freddie Bynum needs right knee surgery; will miss 5 weeks
2008-03-08 17:54:00 Freddie Bynum will have arthroscopic surgery on his right knee and miss at least five weeks, ending his bid to be Baltimore’s starting shortstop on opening day. Bynum complained about a sore knee early in camp, and an MRI revealed a torn meniscus. After trying to play through the pain, he decided surgery was the best ...
By: MLB News Blog
Orioles shortstop Freddie Bynum needs right knee surgery; will miss 5 weeks
2008-03-08 17:51:00 Freddie Bynum will have arthroscopic surgery on his right knee and miss at least five weeks, ending his bid to be Baltimore’s starting shortstop on opening day. Bynum complained about a sore knee early in camp, and an MRI revealed a torn meniscus. After trying to play through the pain, he decided surgery was the best option. Read the full story.
By: MLB News Blog
Fannie Mae and Freddie Mac
2008-03-08 02:50:00 Daily Real Estate News | March 6, 2008New Appraisal Rules for Freddie, Fannie Fannie Mae and Freddie Mac have reached an agreement with New York Attorney General Andrew Cuomo that requires them to have independent appraisals of home values. Under the agreement, home appraisals have to come from assessors who don't have formal ties with a lender or mortgage broker. Lenders wishing to sell their mortgages to the nation's two largest sources of home finance must make sure that they don't rely on in-house appraisers and don't own an appraisal firm itself, according to the agreement drafted by Fannie Mae. This agreement brings to an end a large portion of an investigation by New York State into how Wall Street bundled and sold millions of dollars of questionable home loans. The agreement has three tenets and applies to lenders nationwide: Under the newly created Home Valuation Protection, mortgage brokers are prohibited from selecti...
The Legends of Wrestling: "Classy" Freddie Blassie
2008-03-04 07:21:00 The Legends of Wrestling: "Classy" Freddie Blassie Book Description "Classy" Freddie Blassie is universally acknowledged as one of the most hated heels in wrestling history. Freddie really knew how to antagonize the fans -- how to "get heat." Death threats were frequent, enraged fans stabbed him twenty-one times, and he was even doused with acid. Undeterred, Blassie just took the action up
Fannie and Freddie to raise appraisal standards
2008-03-04 06:14:00 Bowing to pressure from New York Attorney General Andrew Cuomo, GSE giants Fannie Mae and Freddie Mac have agreed to institute new standards for appraisals related to the loans they buy in order to avoid potential collusion between lenders and appraisers. While I'm sort of curious why this wasn't done years ago (and along the lines of the City of Los Angeles' self-congratulatory press release for finally getting around to synchronizing 75% of the city's traffic lights, with the remaining 25% along the routes I tend to travel), it's an important step in giving lenders the confidence to open up the credit lines for an eventual housing rebound. From an L.A. Times story:Mortgage giants Fannie Mae and Freddie Mac agreed today to revamp their home-appraisal standards to eliminate the type of alleged fraud that contributed to the nationwide housing bubble.In a legal agreement with New York Atty. Gen. Andrew Cuomo, the two companies said they would only purchase home loans from banks ...
Appraisal Fraud: Fannie Mae And Freddie Mac Sign Agreements To Combat Appra
2008-03-04 00:00:00 Accurate, independent appraisals are very important to ensuring the safety and soundness of Fannie Mae, Freddie Mac and the mortgage market," said Director Lockhart. "These agreements build upon existing federal and state laws and regulations to further strengthen the single-family home appraisal process. The agreements should help restore confidence in the mortgage market by enhancing underwriting practices, reducing mortgage fraud and making home valuations more reliable. I thank the Attorney General, Fannie Mae and Freddie Mac for their strong roles in this important effort.
OFHEO, NY Attorney General, Fannie Mae And Freddie Mac Sign Agreements to C
2008-03-03 18:25:00 Washington, DC? OFHEO Director James B. Lockhart announced agreements with OFHEO, New York State Attorney General Andrew Cuomo, Fannie Mae and Freddie Mac (Government Sponsored Enterprise (GSE)) to strengthen the independence of the appraisal process. For mortgages the Enterprises buy or guarantee, the agreements seek to enhance appraisal and evaluation services that are ...
NYC Mortgage Holders, US GDP, And Freddie Mac Whacked
2008-02-29 01:59:00 Defaults up 15 percent in NYC by NY Daily News - snips:Foreclosure woes continued to plague city homeowners in January, though at a much lower rate than seen nationally. There were 2,172 foreclosure-related filings on homes in the five boroughs, up 15% from December, according to RealtyTrac. That's one filing for every 1,508 households, in a city with about 3.3 million households. "The most important thing these numbers say is we're not done with the increases in foreclosures yet," RealtyTrac spokesman Daren Blomquist said.... In Queens, there were 985 filings last month, a 28% increase from December. That's one filing for every 844 households. The number of Manhattan foreclosure notices rose 33%, but amounted to just 89, or one per 9,211 households. There were 644 filings in Brooklyn, up 11% and one per 1,471 households. There were 205 notices sent in Staten Island, or one filing per 849 households. The Bronx was the only borough with fewer foreclosure notices than in December -...
FLASH: Freddie Mac posts $2.5 billion loss. Or $3.7 billion. Or hell, who
2008-02-28 13:59:00 This turd will cost the taxpayers hundreds of billions when and if they mark to market one day.Would you like to own the Countrywide, IndyMac and First Fed junk mortgages sitting on Freddie Mac or Fannie Mae's books today? Exactly.And what's Congress' best idea for getting out of this mess? Well it's raise the maximum mortgage limit and let them buy more loans of course!Oh, dear god, we're so f*cked.Big loss for Freddie MacFreddie Mac (FRE) posted a bigger-than-expected fourth-quarter loss and warned that a weakening economy will lead to higher credit losses in 2008 and 2009. The McLean, Va., mortgage lender lost $2.5 billion, or $3.97 a share, for the quarter ended Dec. 31, compared with a year-ago loss of $401 million, or 73 cents a share. Analysts on Wall Street were looking for a loss of $2.04 a share.Under Freddie?s old accounting, its fourth-quarter loss would have been $3.7 billion.Freddie?s promise to return to timely reporting was partly behind Wednesday?s decision by...
By: Housing PANIC
Freddie Searing Hot
2008-02-26 00:17:00 Freddie Sears maintained his impressive scoring form to earn West Ham United a hard-fought 3-1 victory against a youthful Tottenham side tonight. The prolific 18-year-old forward, who now has three goals from six reserve appearances and 21 strikes in 17 games for the Under-18s, struck on the stroke of half-time to cancel out Troy Archibald-Henville's opener for Tottenham. He wrapped up the win with a superb run and shot 17 minutes from time. In between, he found time to set up Dean Ashton for a close-range finish. Sears had begun the contest on the right wing but moved into attack when Bobby Zamora made way on half-time. It was an experienced side throughout with Jimmy Walker in goal behind Jonathan Spector and John Paintsil. The victory moves West Ham United three points clear of third-placed Reading in the southern section of the Barclays Premier Reserve League and just two points behind leaders Aston Villa - although both have two games in hand after a 1-1 draw on the same even...
U.S. Debt In Foreign Hands, Russia to Buy Fannie and Freddie, Financials to
2008-02-22 20:39:00 by Addison Wiggin & Ian Mathias Surprising data: U.S. debt still has takers… is our democracy doomed? Russian SWFs get OK to invest in America? but only in the two worst stocks on the market Analyst that predicated the January financials plunge calls for 15-50% more losses How a Philadelphia survey might herald an entire U.S. manufacturing decline ...
Freddie Mac is changing the rules
2008-02-20 16:00:00 Freddie Mac, the government-backed funder of U.S. home loans is trying to help mortgage insurers by purchasing loans covered by mortgage insurers that don?t meet its standards for the amount of capital backing their policies.
Investors, Say Hello to Fannie & Freddie
2008-02-15 22:14:00 Fannie Mae & Freddie Mac Mortgages Nearly every Bank, Credit Union, Mortgage Banker and Mortgage Broker can offer the loan products backed by the federal charted companies Fannie Mae and Freddie Mac. Investors that have good credit, can document income and are ready to put money down can acquire a loan from either Freddie ...
By: cash For Debt
Investors, Say Hello to Fannie & Freddie
2008-02-14 18:13:00 Fannie Mae & Freddie Mac Mortgages Nearly every Bank, Credit Union, Mortgage Banker and Mortgage Broker can offer the loan products backed by the federal charted companies Fannie Mae and Freddie Mac. Investors that have good credit, can document income and are ready to put money down can acquire a loan from either Freddie ...
Mortgage Insurers Get Reprieve From Freddie Mac
2008-02-14 16:21:00 Mortgage insurers typically have to carry an A or higher rating before Freddie Mac will allow them to insure loans that they will purchase. However with the downturn in housing values and the high levels of foreclosures this standard is being missed by many of the mortgage insurers. Now Freddie Mac has loosened the requirements for ...
Vegas rocker Freddie Bell dies at 76
(AP)
2008-02-12 03:27:00 AP - Freddie Bell, a forerunner in the 1950s rock 'n' roll era whose toe-tapping versions of "Giddy Up A Ding Dong" and "Hound Dog" inspired Elvis Presley to cover the songs, has died. He was 76. |
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