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Neil Barofsky. " Tarp bailout may reach 23.7 Trillion dollars." $70,000 per man , women and child in America. Should we care?
Source: Mandelman Maters.

Bottom line. While my freind Martin bats the ball around a bit, apparently dawning clown shoes and a bright red nose, a major point is over looked in his expose'. Stimulus, as well as Tarp funds, are to be paid back by the borrower with interest.

Taibbi responds to critics of his Rolling Stone Goldman-Sachs article
Source: trueslant.com

Matt Taibbi responds to two criticisms of his blistering article about Goldman-Sachs. The criticisms are: You're clearly anti-semitic in targetting Goldman. It wasn't just Goldman doing this stuff, why focus on them?

Dear President Obama. Why does everything have to be so damn hard? Doctor, Doctor,

We hear it on almost a daily basis. President Obama assuring us that the task at hand is arduous. And that making change, will be very, very hard. Change, will require a sacrifice from all of us. No more 0 interest credit cards. Too hard to come by.

Obama's Rhetoric Is the Real 'Catastrophe'
Source: Wall Street Journal

This articule talk about the wrong and demagogue way that Obama has manage some of the topics of the recesion to accelarate the stimulus plan process.

A merciful end to an abysmal financial year
Source: msnbc.com

The last trading day of 2008 on Wall Street provided a merciful end to an abysmal year — the worst since the Great Depression, wiping out $6.9 trillion in stock market wealth.

Exotic birds fall prey to foreclosure crisis
Source: Reuters

Real estate agent Jeffrey Dolfinger was making a routine occupancy check on a foreclosed home near Poughkeepsie, New York, when he made a heart-wrenching discovery: two bedraggled cockatiels nearly starved to death.

U.S. seeks enhanced financial authority for Fed
Source: Yahoo! News

The U.S. Treasury Department will propose on Monday that the Federal Reserve be given sweeping new powers that would make it chief regulator with authority to take actions to ensure market stability.

Economists Predicted That A Prolonged U.S. Presence In Iraq Could Lead To A Recession
Source: Think Progress

Before the war, economists were predicting that oil prices at just $75 a barrel could potentially send the U.S. economy into a recession. Therefore, the current economic situation should not come as a complete shock to the Bush administration.

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