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Secretive Fed unveils new plans for credit crisis


January 21, 2009

    By Kevin G. Hall - McClatchy Newspapers (MCT) With its benchmark lending rate effectively at zero, Federal Reserve Chairman Ben Bernanke, in a move without modern precedent, on Tuesday publicly laid ou...

Rome is burning


September 18, 2008

Wall Street’s investment bank giants are failing due to poor business practices; they became over-leveraged with Mortgage-Backed Securities and under-capitalized due to capricious lending practices.   The Republicans’ blame ...

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