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Thursday, 24-Nov-2011 22:46 Email | Share | | Bookmark
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And this is only Bank of America's residential loans were talking about--we haven't even gotten to the commercial real-estate loans, consumer credit loans, European exposure, derivatives, and other exposures on the company's $2.2 trillion balance sheet. Or the potentially enormous liabilities associated with the mortgage-underwriting behavior of Bank of America's subsidiary Countrywide, for which the company seems to be hit with a new lawsuit every other day.

Thursday, 24-Nov-2011 22:45 Email | Share | | Bookmark
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"Priority number one is to get the economy rolling again -- off three cylinders and hopefully closer to six," he says. "Their primary interest is making sure we get the economy going so we can get unemployment down."Indeed, that was reflected in the comments of Fed president Evans who said a 9.1% unemployment rate is "consistent with recession," while declaring inflation is far from a worry

Wednesday, 23-Nov-2011 15:13 Email | Share | | Bookmark
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Wednesday, 23-Nov-2011 15:12 Email | Share | | Bookmark
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The range of unilateral steps planned by Western powers reflects the difficulty of persuading Russia and China not to veto further measures at the U.N. Security Council,cheap MBT shoes, where they have supported four previous sanctions resolutions.


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