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Politics by JT

Senate Turns Aside New Attempt to Scrutinize Fed

REUTERS Mon Jul 6, 2009 5:59pm EDT WASHINGTON (Reuters) – The U.S. Federal Reserve, facing growing pressure as it tries to heal the ailing economy, dodged a bullet on Monday when the U.S. Senate cast aside a new effort to increase scrutiny of the central bank. On procedural grounds, the Senate blocked a bid to […]

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AIG by JT

It’s Goldman Sachs’ Party And They’ll Profit If They Want To

THE GREAT AMERICAN BUBBLE MACHINE ROLLING STONE MATT TAIBBI From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment […]

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Barack Obama by JT

Big Banks Get Big Time Changes

Jun 17, 7:13 PM (ET) By JIM KUHNHENN and MARTIN CRUTSINGER ASSOCIATED PRESS WASHINGTON (AP) – From simple home loans to Wall Street’s most exotic schemes, the government would impose and enforce sweeping new “rules of the road” for the nation’s battered financial system under an overhaul proposed Wednesday by President Barack Obama. Aimed at […]

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Federal Reserve by JT

Banks Got Cheatsheet For Their “Stress Tests”

Banks Won Concessions on Tests Fed Cut Billions Off Some Initial Capital-Shortfall Estimates; Tempers Flare at Wells WALL STREET JOURNAL By DAVID ENRICH, DAN FITZPATRICK and MARSHALL ECKBLAD The Federal Reserve significantly scaled back the size of the capital hole facing some of the nation’s biggest banks shortly before concluding its stress tests, following two […]

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