Goldman Sachs CEO: Government Gives You Too Much! (But Our Bailout Was Cool)

isn’t aunty anna of lloyd blank fine who courses the uh… c_e_o_ and chairman of goldman sachs you remember goldman sachs they’re the ones who just coincidently because all of their bodies were in the government uh… when the uh… banks crashed came out doing quite well for themselves uh… here’s our audio of him […]

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Portugal Economy Sinks, State Clings to Bailout’s Austerity Terms

JESSICA DESVARIEUX: Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. On Sunday, Portugal’s president said he would not be calling for early elections. That means that he will be sticking to the E.U.-IMF $100 billion bailout. This translates into lowering the country’s borrowing rate, and it provides relief for international creditors. But […]

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Footnote † from “The Debt Ceiling Explained”

Of course, the President doesn’t personally borrow money. Really, the Department of the Treasury, that he oversees, issues debt on behalf of the US government, and fully explaining the process by which the government issues debt in the same department that both prints new cash and collects taxes quickly leads to questions about money’s existential […]

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America’s Historical Struggle With Debt and Taxes

bjbjVwVw @|d2 JEFFREY BROWN: And we return to the great debate over budgets, deficits, taxes and spending with yet another viewpoint, this one with some historical perspective. NewsHour economics correspondent Paul Solman is on the case, part of his ongoing reporting Making Sense of financial news. PAUL SOLMAN: Our allegedly tragic trillion-dollar annual budget deficits, […]

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Americans Facing More Inequality, More Debt and Now More Trouble?

bjbjLULU JEFFREY BROWN: Now we continue our series on inequality in the United States. A new report from The Annie E. Casey Foundation finds that the poverty rate among children has risen by 18 percent over the last decade. That means two million more children dropped below the poverty line, back to levels of the […]

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