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The American Economy

Discussion in 'Controversial Topics' started by eggplant43, Apr 20, 2011.

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  1. ekim68

    ekim68 Mike

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    Looks like the bulk of it has to do with the Bush tax-cuts...
     
  2. poochee

    poochee

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    Those "tricle down" tax cuts?;)
     
  3. poochee

    poochee

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    I.M.F. Names New Leader
    By AL BAKER and STEVEN ERLANGER
    William K. Rashbaum and Colin Moynihan contributed reporting
    Published: May 15, 2011

    Hours after its chief, Dominique Strauss-Kahn, was arrested in connection with the alleged sexual attack of a maid at a Midtown Manhattan hotel, the International Monetary Fund on Sunday named John Lipsky as acting managing director.

    Mr. Lipsky, the I.M.F.’s first deputy managing director, is a former U.S. Treasury executive and onetime banker at JP Morgan. William Murray, an I.M.F. spokesman, said that Mr. Lipsky, who has been overseeing the logistics of the bailout of the Greek economy, would meet with members of the I.M.F. board in Washington later in the day, according to Reuters.

    http://www.nytimes.com/2011/05/16/n...ief-awaits-arraignment.html?pagewanted=2&_r=1
     
  4. poochee

    poochee

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    IMF chief denied bail in hotel sex assault case
    He won't be able to take it on the lam back to France.
    msnbc.com staff and news service reports
    The Associated Press, NBC News and Reuters contributed to this report.
    updated 4 minutes ago 2011-05-16T17:01:47

    .http://www.msnbc.msn.com/id/43043502/ns/us_news-crime_and_courts/
     
  5. ekim68

    ekim68 Mike

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    Time for Financial Regulators to Limit Speculation in Oil Market

     
  6. poochee

    poochee

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  7. poochee

    poochee

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    Shahien Nasiripour
    Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers [EXCLUSIVE]
    Why am I not suprised?:rolleyes:
    First Posted: 05/16/11 04:42 PM ET Updated: 05/16/11 05:19 PM ET

    WASHINGTON -- A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told The Huffington Post.

    The five separate investigations were conducted by the Department of Housing and Urban Development’s inspector general and examined Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, the sources said.

    The audits accuse the five major lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government. The audits were completed between February and March, the sources said. The internal watchdog office at HUD referred its findings to the Department of Justice, which must now decide whether to file charges.

    The federal audits mark the latest fallout from the national foreclosure crisis that followed the end of a long-running housing bubble. Amid reports last year that many large lenders improperly accelerated foreclosure proceedings by failing to amass required paperwork, the federal agencies launched their own probes.

    MUCH MORE HERE: http://www.huffingtonpost.com/2011/...l&utm_source=Alert-business&utm_content=Title
     
  8. eggplant43

    eggplant43 Thread Starter

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    Let them reap, what they so richly deserve.:(
     
  9. ekim68

    ekim68 Mike

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    You know? It's time to let "Too Big To Fail" fail....It's not doing the planet any good...
     
  10. eggplant43

    eggplant43 Thread Starter

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  11. poochee

    poochee

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    Interesting chart.
     
  12. poochee

    poochee

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  13. ekim68

    ekim68 Mike

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    New York City Says "Make Banks and Millionaires Pay Their Fair Share"

     
  14. poochee

    poochee

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  15. ekim68

    ekim68 Mike

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