Tag: Economy
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paulson & private contractors to handle bailout billions
from bloomberg: The U.S. plans to hire five to 10 asset-management firms as Secretary Henry Paulson establishes the government’s new office for handling the financial bailout, a Treasury official said. The department will also add about two dozen new employees, a mix of bankers, lawyers, accountants and others, the official said today on condition of…
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chuck norris: ron paul was right
from infowars: Alex interviews American martial artist, action star and television and film actor Chuck Norris. (part2) related: ron paul on bloomberg tvfrom infowars: Ron Paul explains why he is against the bailout: “What they are doing is very seriously wrong.”
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senate passes bailout/rescue, house votes next
from dpa: The Senate approved a $700 billion financial rescue package Wednesday night that members said was essential to keep the world’s largest economy from near-total collapse. Senate leaders hoped the 74-25 vote would send a strong signal to the lower House of Representatives, which rejected an earlier version of the bail-out plan on Monday…
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collateral news: america’s next beauty queen? & under the radar
from collateral news: Last Friday Kathie Couric asked Sarah Palin what she thinks about the 700 Billion $ bailout. Her answer … oh well ! This may not be a very original idea but we couldn’t resist. collateral news: under the radar #1from collateral news: Here are 3 stories that received little or no press…
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financial ‘bailout’ deal fails 228-205
from thinkprogress: The Congress has just voted down the proposed bipartisan bailout package. The vote failed in part because the Republican leadership failed to deliver the 70-100 votes needed from the conservative side. Before the vote, House Minority Leader John Boehner (R-OH) implored his GOP colleagues to vote in favor of the negotiated bailout proposal,…
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fears of martial law, canceled elections & a greater depression
there’s alot of chatter. there’s alot of speculation. there’s alot of talk of martial law next week, a canceled election & US depression… but let’s not lose our heads, people. yes, we are in some serious shit & it does not look good. but take a deep breath, brothers & sisters… we’ll somehow get through…
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a new financial world order
gordon brown calls for ‘a new global financial order’from un news: The Prime Minister of the United Kingdom today called for a new global financial system to bring an end to the current economic turmoil, laying out five principles on which the order should be based as he addressed the General Assembly’s annual high-level debate.…
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selection ’08: debates, rebates, horseshit & more
obamccain clash over iraniraq in first debatefrom dpa: Democrat Barack Obama and Republican John McCain clashed in their first debate Friday night over the war in Iraq and whether the next person to occupy the White House should meet with Iranian President Mahmoud Ahmadinejad. The two candidates disagreed sharply over the future course in Iraq,…
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jp bought my bank: wamu sold in biggest US bank failure
wamu becomes biggest bank to fail in US historyfrom ap: As the debate over a $700 billion bank bailout rages on in Washington, one of the nation’s largest banks — Washington Mutual Inc. — has collapsed under the weight of its enormous bad bets on the mortgage market. The Federal Deposit Insurance Corp. seized WaMu…
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money$hit: bailouts, banksters, bread & circuses
bush does 9/11 replay in ask for unprecedented powers & budgetfrom the washington note: Just after the September 11th terrorist attacks occurred, George W. Bush went before the nation and made the case that he needed unprecedented authority – budgetary and military – to take on the threats poised at the well-being and safety of…
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bush’s bankster bailout bullshit (& more)
from ap: President Bush on Wednesday warned Americans and lawmakers reluctant to pass a historic financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs, closed business and ‘a long and painful recession.’ He spoke just after inviting Democrat Barack Obama and Republican John McCain, one of whom…
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collateral 60: wall street bailout – was that the rubicon way back there?
from collateral news: Now that their Wall Street scheming has threatened to bankrupt them, the big investment houses have come crying to Congress to bail them out to the tune of untold trillions of dollars of YOUR money (so much for the free market when it’s the rich who get soaked).
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We Must Throw The Moneychangers Out Of The Temple
“And he entered the temple and began to drive out those who were buying and selling in the temple, and overturned the tables of the money changers and the seats of those who were selling doves.” – Mark 11:15 Paulson: Congress has no authority here from big picture: “As with any contract, the parties to…
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economoney meltdown
nobel-winning stiglitz: crisis as bad or worse as great depressionfrom steve watson: Two time Nobel-prize winner and former chief economist of the World Bank, Joseph Stiglitz has warned that the current financial crisis will continue for at least another eighteen months and in many ways represents a worse situation than the one faced by Americans…
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my bank is about to fail. how about yours?
washington mutual tumbles 30%from reuters: Washington Mutual Inc (WM.N) shares sank 30 percent to a 17-year low and the perceived risk of its debt soared on worries the largest U.S. savings and loan will not find a buyer or raise enough capital to combat soaring mortgage losses. The stock closed down 98 cents at $2.32…