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Archive for March 19th, 2009

  ATLANTA – Ben Bernanke has stepped in to do what he has been promising now for months, to monetize U.S. debt by purchasing $300 billion in longer-term Treasuries.   In layman’s terms, this is significant because the Federal Reserve is basically creating dollars out of thin air and handing them to the United States Treasury [...]

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LONG BEACH— The “Katrina” of the financial crisis.. President Barack Obama made a grand political stand over the last few days. “Outrage!” he would proclaim. Turns out, it was his call to begin with.

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