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Treasury Secretary Henry Paulson

Landmark Decision Promises Massive Relief for Homeowners and Trouble for Banks

Ellen Brown | Posted 11.21.2009 | Business

Read More: Goldman Sachs, Wall Street Bailout, Treasury Secretary Henry Paulson, Fannie Mae Freddie Mac Bailout, Cdo, Home Foreclosures, Mers, Business News
Ellen Brown

60 million mortgages with fatal defects in title could give aggrieved homeowners and securities holders the crowbar they need to exert some serious leverage on Congress.

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Fish Can Count and Monkeys Can Subtract

Lee Schneider | Posted 05.23.2009 | Business

Read More: Elizabeth Warren, Intelligent Animals, Treasury Secretary Henry Paulson, Social Animals, Jon Stewart, Tarp, Wall Street Talent, Congressional Oversight Panel, Business News
Lee Schneider

The qualities present in fish and monkeys, being social and caring about their fellows, have gone missing in some bankers.

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Q&A with Housing Bubble Forecaster Dean Baker

Leo W. Gerard | Posted 04.02.2009 | Business

Read More: Federal Reserve Board Chairman Ben Bernanke, Subprime Lending, Financial Transactions Tax, Fiscal Stimulus, Usw, National Bureau of Economic Research, United Steelworkers, Treasury Secretary Henry Paulson, Conventional Wisdom, Recession, Unemployment, James K. Galbraith, Subprime Mortgages, Stock Bubble, Inflation, Deborah Salomon, New York Times, Stock Market, Liar Loans, Bubble Economy, Stimulus Package, Housing Bubble, Business News
Leo W. Gerard

Baker: "For most economists, the idea that a market would take leave from its senses -- that it would be driven by speculation -- is almost inconceivable."

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I.O.U. Who?

Judith Ellis | Posted 03.31.2009 | Business

Read More: Iraq War, Truth and Reconciliation Commission, Senator Leahy, Treasury Secretary Henry Paulson, Trade Deficit, Bailout, Budget, Economy, Treasury Secretary Paul O'neill, President Obama, Tax Cuts, Banks, President Reagan, President Bush, I.O.U.S.A., Republican Party, Business News
Judith Ellis

The documentary, I.O.U.S.A, was recently brought to my attention and it will probably be the most sobering clip that you will ever see about the state of the economy.

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"Transplant" Automakers Get Over $3.6 Billion in Subsidies; More Unions, Ralph Nader Comment

Steve Parker | Posted 01.13.2009 | Business

Read More: Change to Win, Herbert Hoover, Chrysler, Decherd, Buffalo, Honda, Blue Springs, Mercedes-Benz, Cars, Montgomery, Ford, Volkswagen, Senators, Nissan, Infrastructure, Princeton, Benedict Arnold, General Motors, Hyundai, Greensburg Indiana, Essential Action, Ralph Nader, Uaw, Lafayette, Toyota, Canton, Detroit Three, Ohio, San Antonio, United Steelworkers, Kia, Huntsville, Democrats, Foreign-Owned, Good Jobs First, Treasury Secretary Henry Paulson, Bush Administration, Chattanooga, Detroit Three Loans, Bmw, Subaru, International Association of Machinists and Aerospace Workers, Transplant, Tax Exempt, Smyrna, Unions, Japanese Transplants, Spartanburg, Republicans, Detroit Bailout, Auto Industry, Business News
Steve Parker

This post has the latest news on the billions in subsidies which off-shore transplant carmakers have received from state and local governments.

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Republicans Kill any Help for Detroit

Steve Parker | Posted 01.12.2009 | Business

Read More: Tarp, Automotive News, Congress, Chrysler, Election Day, United Auto Workers, Honda, Federal Reserve, Mercedes-Benz, Cars, Ford, Trifecta, Nikkei, Nissan, General Motors, Troubled Asset Relief Plan, Hyundai, Christmas, US Senate, Bill Clinton, Uaw, Gm, Detroit Three, European Union, Democrats, Walkman, Barack Obama, Tokyo, Treasury Secretary Henry Paulson, Wall Street, Detroit Three Loans, Bmw, Transplant, Harry Reid, NY Times, Southeast, Asian, China, Sony, Republicans, Business News
Steve Parker

Late last night, Senate Republicans derailed a bill, passed the day before by the House, to loan $15 billion to the Detroit Three, with 10 Republicans joining 40 Democrats and two Independents in favor.

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