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It was a tall order last fall when then-Treasury Secretary Hank Paulson Jr. asked Congress for $700 billion and nearly unilateral power over how to spend it. With the nation on the precipice of economic Armageddon, Paulson's request was granted. Full Article at Mother Jones
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WASHINGTON (MarketWatch) -- As lawmakers continue to craft a process to dismantle a behemoth insolvent financial institution so that its bankruptcy doesn't cause widespread damage, efforts are underway to give Congress a greater role in deciding... Full Article at MarketWatch
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Just how extensive were the ties that bound Hank Paulson, Bush's Treasury secretary, to his former employer, Goldman Sachs? Full Article at Mother Jones
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According to a new book on the financial meltdown by New York Times reporter Andrew Ross Sorkin, in June 2008, Paulson, who was the chairman of Goldman Sachs before joining the Bush administration, held a secret meeting in Moscow with the board of... Full Article at Mother Jones
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Andrew Ross Sorkin's new book is out today, and breaks some pretty stunning news, dating from the end of June, 2008. Full Article at Michael Moore - This Just In
Related Quotes
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Money can be spent when appropriated by Congress ... Under this bill the executive branch can spend trillions without congressional appropriations.
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The Securities and Exchange Commission should be very interested in any financial company that secretly decides a financial product is a loser and then goes out and actively markets that product or very similar products to unsuspecting customers without disclosing its true opinion
SOURCE: Beltway Blips -
You must understand, we’re hearing things late in the day
SOURCE: Times Online -
Guys, trust me ... I know how to be a tough guy. I’ve done everything I can. There is no deal.
