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Financial Giant Citigroup Poises to be Dismantled
By Scott on January 20, 2009 | No Comments
Citigroup, the proclaimed financial supermarket, announced the sale of its Smith Barney brokerage division to Morgan Stanley last week in a move that is expected to mark the beginning of a break-up for the banking giant. With a massive government bailout just a few months prior, many are asking: h... -
Obama Requests to Tap Remaining $350 Billion of TARP ...
By Scott on January 14, 2009 | No Comments
Monday, President-elect Barack Obama called for the second half of the $700 billion Troubled Asset Relief Program (TARP), passed by Congress in October. Obama asked President Bush to submit a request to Congress making the remaining $350 billion available soon after his inauguration. The first $... -
Obama Calls for $300 Billion in Tax Breaks
By Scott on January 8, 2009 | No Comments
Amidst one of the worst economic downturns since the Great Depression, President-elect Barack Obama released information this week about his stimulus plan intended to put money into the pockets of average Americans and small businesses. The plan, coined by Obama as the American Recovery and Reinv...





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