Posts Tagged ‘FDIC’

News and views from around the web posted to the Wonderland Wire:

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The treasury secretary and chairman of the House Finance Services Committee have unveiled a bill being referred to as the bailout of 2008 “on steroids”, Adrianne Appel at Inter Press Services (IPS).


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Former Goldman Sachs CEO and Bush Administration Treasury Secretary Henry “Hank” Paulson issued himself an “ethics waiver” to handle the details of the U.S. bailing out Goldman Sachs, along with White House counsel.

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‘Wall Street banks are reaping outsized profits by trading with the Federal [sic] Reserve,’ Henny Sender reports today. The FED is one of Wall Street biggest customers for shit with no value. “You can make big money trading with the government,” said an executive at a leading investment management firm. “The government is a huge buyer and seller and Wall Street has all the pricing power.”

If you’re unsure how this works, msnbc’s Dylan Ratigan recently broke it down real well (8:39):

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Ron Paul reveals why he was so outraged at the recent House vote condemning Gaza. Here’s one more reason he should be outraged. (more…)