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Will Dividend Stocks be the Big Winners in the Budget Deal?
Friday, December 13, 2013 - 4:44pm | 492Read More...A two-year budget deal between the heads of the House and Senate Budget Committees revises pensions for both military and civilian government employees. The House approved the measure on Thursday, and the Senate is expected to do the same in the next several days. It's significant that members...
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Food Stamp Cuts Affect Retailers and Consumers
Friday, November 1, 2013 - 10:52am | 573Read More...With the expiration Friday of $16 billion in Supplemental Nutrition Assistance Program, or SNAP, benefits first enacted in 2009, approximately 48 million Americans will see cuts in their food stamp benefits. The cuts, which average $36 a month for a family of four, will not just affect those...
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We Were Regulators Once: Ed Gray's Finest Hour
Sunday, April 1, 2012 - 3:21pm | 2524Read More...On April 2, 1987, four U.S. Senators met secretly with Federal Home Loan Bank Board (Bank Board) Chairman Edwin J. Gray in the offices of Senator DeConcini (D.AZ). Senator Donald Riegle (D. MI) was a surprise no-show. DeConcini was joined by Alan Cranston (D. CA), John Glenn (D. OH), and John...
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Revisionism Run Amok (FCIC)
Monday, September 19, 2011 - 4:03pm | 230Read More...Rewriting history to suit one's own view of how you wish it was seems to be a national sport. Three years ago this week, the financial system came unhinged. In rapid-fire succession, one major financial institution after another crumpled as years of recklessness on Wall Street and regulatory...
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Will The Government Get Its Money Back From AIG (AIG)?
Thursday, September 30, 2010 - 11:56pm | 98Read More...Will the government every regain its $182 billion dollar investment in AIG (AIG)? AIG announced its plans today to repay the government. AIG has been slowly selling off its most valuable assets in order to raise funds. The government recently received 1.66 billion shares of AIG common stock in...
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BP (BP) To Place $20 Billion In Fund For Oil Spill
Wednesday, June 16, 2010 - 2:37pm | 145Read More...Finally, BP (BP) investors have some cost certainty. The oil giant has apparently agreed to set aside $20 billion dollars in a fund to help repay oil spill victims. This money will be used to pay fishermen, oil rig employees, and other workers whose livelihood has been affected by the oil spill....
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Dollar (USD) Returns Gains Made Last Week
Monday, January 25, 2010 - 6:37pm | 259Read More...The dollar gave back some ground Monday after big gains last week as investors awaited actions by the Federal Reserve and the Senate vote on a second term for Fed Chairman Ben Bernanke. Meanwhile, a successful bond sale for Greece helped calm worries about indebted countries in the eurozone, said...
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GMAC May Receive Third Bailout From The Government (GMA)
Wednesday, October 28, 2009 - 11:26am | 138Read More...GMAC Inc. (NYSE: GMA) is in talks to receive another bailout from the government amounting between $2.8 billion to $5.6 billion on top of the $13.5 billion already issued to them. In exchange of the bailout, the federal government will be receiving preferred stock that could expand their already 35...
