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AIG bailout not a free lunch

James Tilson and Robert E. Prasch follow the money at New Economic Perspectives regarding the AIG bailout and a more accurate sense of costs. “If it’s too good to be…

Wall Street Bailout comparison

…and Democracy’s latest assessment of dollars disbursed in the bailout graphically illustrates the extraordinary lengths to which the federal government went to bailout the financial sector. The silence from deficit…

Job losses more than in auto industry

…on record, not just for the financial industry but for any industry, Citigroup said on Monday that it planned to eliminate a staggering 52,000 jobs, or 14 percent of its…

How Not to Build a Bailout Proposal

…and stimulate the economy, and, in turn, the financial services industry. As it currently stands, the “bailout” makes no sense, especially given the other actions that largely made it unnecessary….