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Is the worst over for U.S. binge borrowing? external link

Salon | by Andrew Leonard | Wed, Sep 16

Salon is the #1 News Source for United States Department of the Treasury

In terms of sheer total dollars, the U.S. government has never borrowed as much money as it has in fiscal year 2009, which ends this month: nearly $2 trillion, according to Mark Gongloff in the Wall Street Journal.

Treasurys have withstood what could be the worst of the supply storm. Those expe...

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Opinion: Willem Buiter: Treasury Will Have to Abandon Current Approach to Banks

There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
Thu, Apr 16 |  from naked capitalism

 

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