Group Think, Duct Tape and Slam Dunks
Wall Street
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 […]
MoreBanks Keeping Mum on TARP Bailout Funds; Only Morgan Stanley Coming Clean
Morgan Stanley Is One Bank That Cites a Loan From TARP Money Other Financial Banks Including Goldman Sachs and CitiGroup Keep Mum on How They Are Using TARP Cash By CHARLES HERMAN, DAN ARNALL, LAUREN PEARLE and ZUNAIRA ZAKI ABC NEWS Dec. 17, 2008— Banks that were rescued with billions of dollars in public funds […]
MoreBillions in Drug and Organized Crime ‘Dirty Money’ Funneled Into Bernie Madoff’s Operation
WASHINGTON, Feb. 4, 2009 (CBS) By CBS News chief investigative correspondent Armen Keteyian and Investigative Producer Laura Stricker. On Capitol Hill Wednesday, the financial analyst who first blew the whistle on Bernie Madoff back in 2000 went public for the first time, stunning lawmakers with the full scope of the $50 billion fraud. CBS News […]
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