Word: bankses
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$100 BILLION Purchases of direct debt of Fannie Mae, Freddie Mac and the Federal Home Loan Banks
Obama no longer has the luxury of waiting. In the past two weeks alone, General Motors announced it has only three months of cash left before it will run out of money, and the Federal Government was forced to rush to halt a shareholder run on the giant banking conglomerate...
Both men will arrive with baggage. Summers was under consideration for the Treasury job himself and may feel slighted by being passed over. He had a troubled tenure as president of Harvard, where his controversial comments about women's aptitude for math and science were a reminder that he operates...
Signs of the recession's impact on America's impoverished are increasingly apparent, Greenstein says, pointing to a dramatic rise in food-stamp caseloads in recent months. The number of people using food stamps has risen 9.6%, or roughly 2.6 million people, from August 2007 to August 2008, the last...
The contrasting responses mark an interesting shift in how the two Western powers are handling the ongoing economic crisis. Europe was initially lauded for its dramatic bailouts of banks and plans to reshape the global financial system. But in the past couple of weeks, as Obama has begun to outline...