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WILLIAM BLACK: Effectively, I mean, Summers, for instance - you talked about Geithner’s aides and how a lot money they'd made, and, after all, it’s absurdly giant, and they’re making it sometimes for not doing a lot of something. So, for all the discuss on the market about deficit reduction, ensuring our books are balanced, that is the man who did it-3 times. She was the one who was doing the chant that they were repeating. Now I anticipate each one in all them to go out and defend and implement, with dedication, this package deal. My experience within the financial industry has been as a manager, not as an investment adviser. JACK LEW: Senator, I-as when we mentioned, I mentioned to you, I don’t consider myself an expert in a few of these points of the monetary trade. WILLIAM BLACK: Yeah, and this is an irony, as properly, by way of the political elements and Obama. JUAN GONZALEZ: And in terms of the danger to Social Security and cherry gold casino login Medicare, how do you see the course that they are hoping to go into, by way of the reductions on this deal? You've gotten two playing cards face up in entrance of your bet. You may have seen, your listeners may effectively have seen Representative Grayson asking very tough questions. But they really made a bunch of losing bets, as nicely. So, if they’re winning, somebody’s losing.

MICHAEL HUDSON: What they’re pushing for really isn’t a default on the debt. MICHAEL HUDSON: He might say, “This debt ceiling has nothing to do with coverage. If you wish to refuse to increase the debt and plunge the economy into catastrophe, possibly you’d better talk to your marketing campaign contributors and see what they want, as a result of I do know what they are saying. Nearly 940,000 houses received a default notice or have been repossessed by banks - that’s a 23 p.c improve from a 12 months earlier. MICHAEL HUDSON: Yes. That’s what he believes in. Why would we create a federal subsidy where all of us, by the U.S. And he bought it through the bailout of Citicorp by the U.S. You famous that part of what Citicorp did was wager that housing would fall. The problem with repos is they were really a giant part of why Lehman fell so arduous and so quick, because too much of these big banks depend on them to boost cash and finance issues. 1. Bet only on even-money outside bets. And so, there’s going to be other bad news outdoors the monetary sector. PRESIDENT BARACK OBAMA: Jack has the distinction of getting worked and succeeded in some of the toughest jobs in Washington and the private sector.

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