Henry Paulson

Wall Street by JT

Government Bailout Hits $8.5 trillion

Kathleen Pender The San Francisco Chronicle November 26, 2008 The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News. That sum represents almost 60 percent of the nation’s estimated gross domestic product. Given […]

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Hedge Funds by JT

The Douchebag Who Conned The World

Stephen Foley (From New York) The Independant CHRIS COX Investors around the world are counting the spiralling cost of the biggest fraud in history, a $50bn scam that has ensnared billionaire businessmen and tiny charities alike and whose tentacles have stretched further and deeper than anyone imagined. The fallout from the arrest of the Wall […]

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