Monday, August 22, 2011
Fed's $1.2 Trillion In Financial Sector Loans 'A Classic Case Of Moral Hazard'
Fed's $1.2 Trillion In Financial Sector Loans 'A Classic Case Of Moral Hazard'
At the same time, and in the years that followed, the Federal Reserve was undertaking its own rescue operation, in the form of private, previously undisclosed loans to banks and other institutions -- lending as much as $1.2 trillion, nearly twice the amount of the Treasury bailout, according to a data analysis performed by Bloomberg News and published on Monday.
US: Aid to Egypt conditional on peace with Israel
US: Aid to Egypt conditional on peace with Israel
- Once again the Pro-Israel lobby in the U.S. shows it's strength.
Sunday, August 21, 2011
Labor Ramps Up Effort to Stop Trade Deals
Organized labor and other opponents of three pending free-trade deals are ramping up grass-roots campaigns intended to pressure lawmakers to oppose the agreements.
The fight over the agreements is splitting President Obama from unions and other liberal groups at a time when there is already tension between the White House and the left over the debt-ceiling deal. While the accords with South Korea, Colombia and Panama have broad support from the White House and Republican leaders, opponents are using the August recess to try to build up opposition.
They argue the deals will harm an economy still struggling to create jobs amid a fragile economic recovery.
Protesters arrested outside White House in opposition to a proposed oil pipeline to the U.S. coming from Canada: http://bit.ly/p9LnLY
Did your hear? The GOP wants to Raise Your Taxes. Ironic? Hypocritical? http://ping.fm/4lVJv
Saturday, August 20, 2011
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