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July Auto Sales

By Spencer, July auto and light truck sales are being reported at 11.2 million annual rate. That is a very significant increase from the second quarter average of 9.5 million…

The Bailout Explained

sent by David Zetland The Bailout Explained Young Chuck in Montana bought a horse from a farmer for $100. The farmer agreed to deliver the horse the next day. The…

No Bailout Plan

Via The Nation: A number of house progressives who voted against yesterday’s bailout bill, including Pete DeFazio, Donna Edwards and Marcy Kaptur, have just held a press conference unveiling their…

So Why Did we Give SunTrust "bailout buying" money?

Via Dr. Black, Alpha Bank and Trust of Alpharetta is now FDIC-owned. In related news, PNC is paying about $5.6 billion for midwest-based National City, which was a major player…