» Economy

Congress, White House seek auto bailout compromise
By Mike Vonasten on December 5th, 2008 | No Comments

AP By DAVID ESPO WASHINGTON (AP) - Amid fresh assembly line layoffs, congressional Democrats and the White House reached for agreement Friday on about $15 billion in bailout loans for the beleaguered ...
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Milwaukee neighborhoods could print own money
By Mike Vonasten on December 5th, 2008 | No Comments

Chicago Tribune 2 neighborhoods consider printing own currency for exclusive use in local stores By Erika Slife They may be talking funny money, but it’s not funny business. Residents from the M...
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Paulson Considers New Plan to Resuscitate U.S. Housin...
By Mike Vonasten on December 4th, 2008 | No Comments

Bloomberg By Robert Schmidt and Dawn Kopecki Dec. 4 (Bloomberg) — Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing ma...
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Paulson: Feds to expand rescue
By Mike Vonasten on December 2nd, 2008 | 3 Comments

CNN Treasury Secretary Henry Paulson said more needs to be done. The agency is ‘actively’ developing additional programs to boost lending. By Tami Luhby NEW YORK (CNNMoney.com) — The...
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House to push $500 billion stimulus bill
By Mike Vonasten on December 2nd, 2008 | No Comments

Reuters *Without a printing press, where do they think they will find the money? WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi met leading governors on Monday to discuss ...
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Fed’s emergency loan program increases activity
By Mike Vonasten on November 29th, 2008 | No Comments

AP By MARTIN CRUTSINGER WASHINGTON (AP) - The Federal Reserve boosted its lending to commercial banks and investment firms over the past week, indicating that a severe credit crisis was still squeezin...
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Merkel criticises US over crisis
By Mike Vonasten on November 27th, 2008 | No Comments

Financial Times By Bertrand Benoit *At least she is more or less on the right train of thought. Angela Merkel, the German chancellor, turned the tables on her international critics on Wednesday by acc...
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FDIC adds 54 more banks to its ‘problem list...
By Mike Vonasten on November 25th, 2008 | No Comments

AP By MADLEN READ NEW YORK (AP) - The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter—yet anoth...
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Fed Pumps Another $800 Billion
By Mike Vonasten on November 25th, 2008 | No Comments

Reuters by Mark Felsenthal WASHINGTON, Nov 25 (Reuters) - The U.S. Federal Reserve, in another massive life-support intervention for the U.S. financial system, on Tuesday announced a $600 billion prog...
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People of Lakota Launch Private Bank for Only Silver ...
By Gary on November 24th, 2008 | 5 Comments

FOR IMMEDIATE RELEASE People of Lakota Launch Private Bank for Only Silver and Gold Currencies Hill City, Lakota - November 24, 2008 - In a stunning development, the Free & Independent People o...
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