Tag: financial markets
member name: Sean Kennedy
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September 19, 2008 01:36 AM EDT --
Have you heard the news?
The amount of money the Federal government has ponied up to bailout U.S. banks and other businesses this year is absolutely staggering; nearly $1 trillion. . . .
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March 18, 2008 06:44 PM EDT --
Many experts say we are in the midst of the biggest housing bubble ever and are worried that the ensuing banking and credit crisis could spread like a virus. . . .
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December 17, 2008 05:15 PM EST --
Earlier this month, the National Bureau of Economic Research (NBER), which tracks the US economy, confirmed what many of us had long suspected; the US is officially in a recession. Everyone wonders how . . .
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December 05, 2008 09:43 AM EST --
On November 10, Bloomberg News reported that the Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers, nor would it identify the . . .
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September 29, 2008 02:43 AM EDT --
According to a Nobel Prize winning economist, the government bailout of Wall Street and the financial sector would be "monstrous" for all US taxpayers.
Joseph Stiglitz, who is a professor . . .
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September 29, 2008 10:00 PM EDT --
In 2007, Wall Street bonuses grew to a total of $39.34 billion, up from $36.19 billion in 2006.
That’s nearly $40 billion, distributed among just five . . .
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November 17, 2008 01:54 AM EST --
And He Makes the Banks an Offer They Can't Refuse
Last month, Congress approved a massive $850 billion Wall St. bailout—the so-called Troubled Asset Relief Program. Of that total (aside . . .
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April 05, 2009 03:19 AM EDT --
The Latest Evidence That The Game Is Fixed
In an effort to help banks reduce their losses, this week t he Financial Accounting Standards Board relaxed rules forcing banks to . . .
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September 30, 2008 04:43 AM EDT --
How to Bailout Ordinary Mortgage Holders and Not Just Banks
By Ian Welsh
Originally posted on FireDogLake
What the government should do is set up a Trust to . . .
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September 30, 2008 03:45 PM EDT --
That principle is something that Republicans, Democrats, and Independents, alike, seem to agree on at this moment.
The biggest problem with the current bailout plan is that it . . .
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October 01, 2008 12:11 AM EDT --
Just this week, the head of the non-partisan Congressional Budget Office said that the proposed Wall Street bailout could actually worsen the current financial crisis.
During testimony before the House . . .
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October 01, 2008 06:36 PM EDT --
A group of 200 economists has signed this petition to Congress, arguing against the $700 billion Wall Street bailout plan. They believe the government must act — but they call the sweeping rescue . . .
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December 01, 2008 07:09 PM EST --
After financial giant Citigroup lost 60 percent of its value in one week, t he government came to its rescue, announcing it would back $306 billion in risky securities . . .
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October 02, 2008 04:09 PM EDT --
A group of 200 economists has signed a petition to Congress arguing against the $700 billion Wall Street bailout plan. They believe the government must act — but they call the sweeping rescue a . . .
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