Barack Obama

Stiglitz Calls Bad Bank Idea “Cash For Trash”

BLOOMBERG Feb. 1 (Bloomberg) — Nobel laureate Joseph Stiglitz said any decision by President Barack Obama to establish a so-called bad bank to rid financial companies of toxic assets risks swelling the national debt. Obama’s administration is moving closer to buying the illiquid assets currently clogging bank’s balance sheets and preventing them from boosting lending, […]

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Is There a White House Baby on the Way?

CBS NEWS Celebrity blogger Perez Hilton has rarely let facts get in the way of gossip. Still, his latest and apparently baseless speculation about Michelle Obama has generated international baby buzz. On Wednesday, an item appeared on PerezHilton.com (filed under Baby Blabber – Conspiracy Corner) with the headline: “White House Baby???” “We’re hearing talk in […]

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Rezco Sentencing Indefinately Postponed

December 16, 2008 BY NATASHA KORECKI Federal Courts Reporter A federal judge has indefinitely postponed the Jan. 6 sentencing for Tony Rezko, the prominent political fund-raiser and former adviser to Gov. Blagojevich. The move this morning came after Rezko lawyers asked U.S. District Judge Amy St. Eve last week to throw out the sentencing date. […]

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