Tag: paulson
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econocrash: the depression quietly deepens
we will never know the true inside story of what really went on*obama promises summer speedup of economic effort*white house had long planned gm & chrysler bankruptcies*paulson’s secret talking points reveal that banks were forced to surrender ownership stakes to govt*obama officials: no ‘magic bullet’ for auto companies*boston globe workers reject plan*nytimes hires goldman sachs…
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econocrash updates: derivatives, threats & debts
video: federal reserve cannot account for $9 trillion*US foreclosures hit record for 2nd month*economists’ letter says what went wrong*fdic, jpmorgan seek ouster of wamu stakeholder suit*obama releases tax increase playbook*wash gov ok’s tax cut for newspapers*treasury asks for control of derivatives market*sony suffers 1st annual loss in 14yrs*gm & chrysler to cut up to 3,000…
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econocrash: davos, panic, pyramid schemes & market magic
do we need a north american currency?from marketwatch: Thomas Jefferson once said: “When you reach the end of your rope, tie a knot in it and hang on.” As the global financial system pushes on a string, investors are desperately trying to hold tight. The New World Order is upon us, full of hope, promise…
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max keiser: issue a fatwa against hank paulson
from max keiser tv: Max Keiser talks about the g20 meeting, Hank Paulson and fraudulent bonds.
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daily dose of terror: financial crisis, pandemic, defense & dhs
US will default in ’09from greg nixon: Some of the articles below are a few weeks old but still timely. I agree with the conclusion of Jesse’s Cafe that the United States will have to default on its debt. I see this possibly before the summer of ’09. How this will play out is of…
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video: cnbc guest says illuminati behind stock market crash
from anunnaki2006: You will hear the guest on CNBC speak of the Illuminati whilst talking on the volatile stock markets of the 24th of October 2008. the rothschilds & their 200 years of political influencefrom independent: Nat Rothschild, the financier at the centre of allegations that threaten to engulf the shadow Chancellor, George Osborne, is…
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panic, plunges & goldman gangsters
panic engulfs global stock marketsfrom afp: World markets suffered massive losses Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis. London, Frankfurt and Paris all tumbled more than six percent approaching the half-way mark while a 15-percent dive in Moscow forced a halt to…
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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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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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oil posts biggest gain ever as ‘bailout’ powergrab looms
from bloomberg: Crude oil climbed more than $25 a barrel, the biggest gain ever, as traders scrambled to unwind positions on the October contract’s last day of trading. The more-active November contract rose $6.62. “This looks like a squeeze play,” said Phil Flynn, senior trader at Alaron Trading Corp. in Chicago. “All of the contracts…
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Economic Meltdown Just Heating Up
wholesale inflation is worst in 27 years…stocks drop again amid fears about financials…fannie-freddie lifeline puts taxpayers on the hook…analyst warns on wachovia amid more bank worries…bernanke signals growth risks & intensified’ inflation danger…citigroup shares drop to lowest price since 1998… dollar freefall: new record lowfrom bloomberg: The dollar declined to a record low against the…