World-News

http://www.brasschecktv.com/page/894.html

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Too Big to Fail

William Rivers Pitt, Truthout: "The phrase 'Too big to fail' entered the modern American lexicon with a terrible vengeance a couple of years ago, after billions of tax dollars were deployed as spit and mortar to hold up failing companies which, if they actually did fail, would have sent the US and the rest of the world spiraling into some kind of mega-ultra-super depression. That's what we were told, anyway, and it may well be true, but that hardly gets rid of the rancid taste the phrase leaves behind when spoken."

http://www.truth-out.org/playing-too-big-to-fail-card61193

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Tremble, banks, tremble

The New Republic
by James K. Galbraith

07/09/10

The financial crisis in America isn’t over. It’s ongoing, it remains unresolved, and it stands in the way of full economic recovery. The cause, at the deepest level, was a breakdown in the rule of law. And it follows that the first step toward prosperity is to restore the rule of law in the financial sector...

http://www.tnr.com/article/economy/76146/tremble-banks-tremble


Informant: Thomas L. Knapp



http://sharenews.twoday.net/search?q=financial+crisis
http://sharenews.twoday.net/search?q=the+rule+of+law
http://sharenews.twoday.net/search?q=recovery
http://freepage.twoday.net/search?q=The+State+of+the+Union
http://sharenews.twoday.net/search?q=waterboard
http://sharenews.twoday.net/search?q=torture
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