Posts Tagged ‘Goldman Sachs’


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Previewing the New Obama Budget


Saturday February 11th, 2012   •   Posted by Craig Eyermann at 9:10am PST   •   2 Comments

USA Today reports that the difference between what the federal government under President Obama will have spent in 2012 and how much it will collect in taxes and other revenue sources will be $1.33 trillion: The budget, an outline of which was released by the White House Friday night, will show a higher deficit…
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U.S. Dollar Drops to 3-Year Low Against World Currencies


Wednesday May 4th, 2011   •   Posted by David Theroux at 9:55pm PDT   •   2 Comments

Gertrude Chavez-Dreyfuss at Reuters reports in “Dollar tumbles to 3-yr low; data underpins rate view” that: The dollar slumped to a three-year low against major currencies on Wednesday and its outlook darkened further as surprisingly soft economic data underpinned expectations that U.S. interest rates will remain low this year. The greenback also fell to…
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Federal Reserve Used Trillions of Dollars for Secret Bailout of U.S. and Foreign Firms


Friday December 3rd, 2010   •   Posted by David Theroux at 2:01am PST   •   5 Comments

In shocking new disclosures, the Washington Post has reported in an article, “Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms,” that in 2008 and 2009 the Federal Reserve created trillions of dollars in corporate welfare as secret bailouts “not just to Wall Street but also to motorcycle makers, telecom…
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