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US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts. Government Not Considering a Bailout for SVB, Says Yellen U.S. Treasury Secretary Janet Yellen…
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‘’Eventually the U.S. taxpayers will be asked to make "free-of-risk" bail-outs of "private" enterprises’’ Buckminster Fuller 1980
Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the Company
Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the Company
Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some of the crypto firm’s debts — the investor is also willing to part with $1 million which will go towards the…
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Actress Chrissy Teigen arrives at the 87th Annual Academy Awards at Hollywood & Highland Center on February 22, 2015 in Hollywood, California.
COVID-19: The Great Social Equalizer and Liberator from Unnecessary Work
The Coronavirus plague should be putting everything in perspective for us all. It should make us ask what life’s really about, no matter if we’re rich or middle class. (The poor are another story.) That’s because COVID-19 has forced everyone who’s solvent into something like the same boat. It’s made us realize that the vessel has just sprung a huge leak that threatens to take us all down…
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Bail-out: Argentinien erhält Mega-IWF-Kredit
Contra-Mag.:Nur wenige Wochen nachdem Argentinien zum Vorboten der anstehenden finanziellen Kernschmelze der Schwellenländer wurde, gewährte der Internationale Währungsfonds dem Land einen Mega-Kredit – mit den üblichen Austeritätsauflagen. Von Marco Maier Der Internationale Währungsfonds (IWF) hat Argentinien (wieder einmal) mit einem umfangreichen Bail-out aus der Klemme geholfen. Ganze 50 Milliarden Dollar – um zehn Milliarden mehr ... http://dlvr.it/QWbNZf
When YOUR Bank Fails, Don’t Walk, Run ... You Don't Want to Be 2nd In Line!
When YOUR Bank Fails, Don’t Walk, Run … You Don’t Want to Be 2nd In Line!
When YOUR Bank Fails, Don’t Walk … Run!
By: Brett Redmayne-Titley
So. The US economy is just fine. The post-recession 2010 Dodd-Frank legislation has cured all. Banks have lots of cash. Congress is your friend and that recently passed Tax Cut and Jobs bill will finally allow you, your family and America to … MAGA.
Really?!
“I’m sorry, Sir. We are unable to cash this check,” were the ominous words…
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The Final Pillage: Greece to Surrender Gold, Real Estate, Utilities in Exchange for More Debt and Austerity
The Final Pillage: Greece to Surrender Gold, Real Estate, Utilities in Exchange for More Debt and Austerity
By Whitney Webb
True Activist
March 3, 2017
The Final Pillage: Greece to Surrender Gold, Real Estate, Utilities in Exchange for More Debt and Austerity
Credit – EuroNews.com
For the last several years, Greece has been struggling to keep it together. In 2010, Greece was forced to ask for its first bail-out since it adopted the Euro less than a decade before. The subsequent austerity programs
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