The Obama admin by subsidizing the profits of hedge funds and private equity firms. Largely hidden from view is a vast financial system that serves as the banker to the banks. And, like many lenders, this system is in deep trouble, too. The Fed plan to spend as much as $1 trillion to provide low-cost loans and guarantees to these firms. |
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At www.iht.com
OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.