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Hedge Industry Opposes Payments to Bailout FundThe hedge fund industry has expressed serious concerns over a new provision of the the House financial regulatory overhaul bill that requires some private investment pools to pay into a fund that could be used to rescue systemically important financial institutions. ... |
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2010 Will Not Be Good for the UK Says ReportBankers Morgan Stanley believe the UK will experience currency flight and a full-blown debt crisis brought on by its mountains of bailout debt, and a political crisis resulting from its 2010 election. Called...read more ... |
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Treasury to Auction Off Investments in Three BanksFiled under: Economy, Obama Administration, Wall StreetThe Treasury Department will auction off its remaining investments in three banks, freeing them from the federal bailout program, it was reported Friday. As part of last year's Troubled Asset Relief Program, the Treasury received warrants from ... |
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Auto Industry Bailout Cost to Taxpayers: ReportWhat is the government's auto industry bailout costing you? Through the beginning of 2011, U.S. taxpayers will shell out $12,200 for every General Motors vehicle sold and $7,600 for every Chrysler vehicle sold, according to a report from the National Taxpayers Union (NTU). Read more...Auto Indu... |
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Democrats call for review of Federal ReserveAbsolutely. Clearly there is a danger in politicizing Federal Reserve decisions but looking at how the Fed handled the bailout of AIG and Wall Street, it's difficult to see how much worse it could have been. To date, Congress or the White House (either the current or the former) have hardly bee... |
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Geithner Hopes to End Bailout FundTreasury Secretary Timothy F. Geithner said on Thursday that the government would close the $700 billion program “as soon as we can,” and that part of it would be used to lower the federal debt. ... |

