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California Treasurer Bill Lockyer sold the 25- and 30-year taxable municipal bonds under the federal government’s new Build America Bonds plan. The program provides for the U.S. Treasury to pick up 35% of the interest cost on the securities, as a way to help state and local governments fund...
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