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The Congressional Budget Office today estimated that the federal deficit will more than double this year, to nearly $1.2 trillion. And that's not counting President-elect Barack Obama's planned stimulus program.
Does this make the Treasury nervous? No doubt," he said.
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