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Credit Default

U.S. Asks Parents for Money

Pablo Andreu | Posted 09.26.2011 | Comedy
Pablo Andreu

Frustrated by its financial straits, America went to the local bar to drink its sorrows away. After racking up a $2 trillion bar tab, the U.S. drunk-dialed China.

Debt Ceiling for Dummies: Why Compromise Is so Necessary

Jonathan_Miller | Posted 09.23.2011 | Politics
Jonathan_Miller

I offer the following straightforward, plain-English summary to hopefully help better explain the real-life impact of American credit default.

Bernanke, Fed Made Used Taxpayer Money To Buy Junk Bonds Without Congress Knowing

bloomberg.com | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011 | Business

July 1 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that t...

Goldman Sachs' Abacus Investigations Continue

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

The $550 million settlement reached between Goldman Sachs and the Securities and Exchange Commission last month was not the end of investigations into...