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[youtube]Q8EKGtf_YrY[/youtube] In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank […]

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NEW YORK (Reuters) – Sooner or later, office buildings and other commercial real estate financed during the credit bubble will generate hurricane-scale losses for banks. Banks in recent years have been hammered by losses on home mortgages, buyouts and corporate defaults. Now, lenders face big losses from loans backed by […]

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… it’s not a pretty picture. invasions … bombings … overthrowing governments … occupations … suppressing movements for social change … assassinating political leaders … perverting elections … manipulating labor unions … manufacturing “news” … economic and political sanctions … death squads … torture … biological warfare … depleted uranium […]

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Dear American Express, How are you? I know how hard this global recession has been on everyone, so I thought I’d check in on an old friend. We have had a professional relationship for over ten years. Me? Well, I’m getting by. Several months ago, I was laid off with […]

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