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50 Billion Dollar Investment Fraud Possibly the World's Biggest
The Financial Times has been covering this story almost by the hour: Investment adviser Bernard Madoff, founder of Bernard Madoff Investment Securities, was charged with securities fraud on Thursday. It has since come out that those he hoodwinked include HSBC and other European banks... View |
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Congressional Republicans Resist Auto Bailout
An article in the Washington Post describes Republican opposition to the bailout in the House and Senate, even after Democrats reached an agreement with the White House. House Republicans are pushing their own legislation: an act which would require the industry to negotiate with its creditors... View |
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House Hearing Begins on Fannie Mae and Freddie Mac
Here is an excerpt from an alarming Washington Post article, which reports that Fannie Mae and Freddie Mac may have knowingly offered and purchased subprime mortgages that they knew to be harmful to borrowers and the companies themselves: Internal Freddie Mac documents show that senior... View |
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Obama Announces Bill Richardson As Commerce Secretary
President-elect Obama yesterday announced that Gov. Bill Richardson of New Mexico will head the Commerce Department under the new administration. When asked by a reporter if he considered this appointment a gesture to the Latino community, Obama replied that Commerce Secretary "is a pretty... View |
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Could Ocean Currents Power the World with Clean Energy?
A new system of cylinders positioned horizontal to water flow can harness the energy of slow-moving streams and ocean currents, with minimal detriment to the surrounding ecosystems. The Vivace system, which was dreamed up by University of Michigan scientists, is summarized by the acronym:... View |
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Third 2008 Presidential Debate (Full Video)
Full Video of the Third 2008 Presidential Debate with Sen. Barack Obama (D-IL) and Sen. John McCain (R-AZ). View |
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$250 Billion Bailout Announced By US
http://news.bbc.co.uk/2/hi/business/7668704.stm View |
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If You Missed the Debate Last Night...
Watch the full video at Washingtonpost.com! http://www.washingtonpost.com/wp-srv/politics/interactives/campaign08/debates/ View |
