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Economy - Economics USA

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arclein

Let me put it another way. How many lawyers do you need to run a poker table?

News Link • Global Reported By robert klein
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Speak Truth 2 Power

Things will be back to normal in no time, and we can JUST GO SHOPPING. Read the following from Reuters, and ask yourself, just who is Obama trying to kid?

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Bill Bonner for LewRockwell.com

Nicaragua – “Greenspan backs nationalization,” says a headline. Well, that does it for us. If Greenspan is in favor of it, we’re against it. No one man bears more responsibility for the present worldwide financial crisis and coming depression that Al

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WND

The White House apparently noticed yesterday when a CNBC analyst's impassioned critique of President Obama's mortgage-rescue plan became an Internet phenomenon.

News Link • Global Reported By Ken Demyen
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businessweek.com/

During the darkest 10 years of the Great Depression, from September 1929 to September 1939, the stock market dropped roughly 50%, adjusted for inflation. With today's drop in the stock market, the U.S. has now matched that unfortunate milestone.

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AP

General Motors Corp. shares on Friday tumbled to their lowest level in more than 70 years, pulled down by a drop in the broader markets and continued speculation about the future of the struggling automaker.

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Reuters

Bank of America Corp and Citigroup shares plummeted for a 6th straight day, hammered by fears that the US government could nationalize the banks, wiping out shareholders. Both stocks have lost more than 90% of their value in the last year.

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Yahoo! News

Bank of America Corp and Citigroup Inc shares plummeted for a sixth straight day on Friday, hammered by fears that the U.S. government could nationalize the banks, wiping out shareholders. Both stocks have lost more than 90 percent of their value in

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Market-Ticker.Denninger.net/

The banking sector has suffered a thirty percent loss in two weeks, in the very sector that we were promised would be "saved" by our new President, and that two weeks has passed without one iota of a plan being actually released.

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AP

Santa-Maria called Bank of America to ask how to check the balance of his new unemployment benefits debit card. The bank charged him 50 cents. He chose not to complain. That would have cost another 50 cents. So he took out some of the money and then

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SaveHaven.com

Gold doesn't always perform in high inflationary periods. Or high deflationary periods. So when does it perform well?

News Link • Global Reported By Trouser Chili
www.BlackMarketFridays.com