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Economy - Economics USA

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"As the number of these loans grew and the risks of default increased, in 2005 there were further congressional investigations into the actives and accounting methods at Fannie Mae. After it was discovered that Franklin Delano Rains him

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Bill Bonner for LewRockwell.com

In the last 100 years there have only been two fires similar to that of today. The first inferno was in 1929, centered in New York. The second was in 1989, when Tokyo went up in flames. And in both cases, they not only failed to save the economy, the

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Ponder This Net

They call it a rescue, most call it a bail out, those who know better call it an extortion. Hey, it’s all in your best interest right? Ha! Also, is it not bad when the exact policies being taken are those directly out of the play book of open Fascist

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Portfolio

The roots of this year's financial crisis go back to a small team of bankers at J.P. Morgan in New York. Now, their invention - credit derivaties - has helped bring down Wall Street and has left Morgan with its biggest exposure of all.

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http://www.infowars.net/

The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure. Analysts have previously marked out the $5 trillion fi

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AP

A stock market as difficult to fathom as it is volatile pulled off another stunning U-turn on Thursday, transforming a 380-point loss for the Dow Jones industrials into a 401-point gain. Was it the government's bailout beginning to have an effect

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www.politico.com

This was no social call, even though Clinton likes McCain enough to keeps his photo on the wall of her Senate office. The GOP nominee had already chatted with Bill Clinton and wanted to pick the senator’s brain

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www.wscleary.com

Introduction of the Federal Reserve in 1913 - In 1933, President Roosevelt made it illegal for US citizens to own gold - The Bretton Woods Agreement - Pres. Nixon reneged on the Bretton Woods Agreement in 1971 and "closed the gold window"

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CalculatedRisk.blogspot.com

Every region posted declines in builder confidence in October, with four-point declines recorded in the Northeast and South, to 17 and 16, respectively, a three-point decline to 10 registered for the West, and a one-point decline to 14 posted in the

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By DAVID KOENIG, AP Business Writer

DALLAS - Southwest Airlines Co. lost money for the first time in 17 years as falling oil prices forced the company to write down the value of its fabled fuel-hedging transactions in the third quarter.

www.universityofreason.com/a/29887/KWADzukm