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Government’s Cozy Intervention
Many think that Government’s intervention in the market is acceptable, but to how far and which manner? There is no doubt that intervention works, seen the news. Goldman Sachs and AIG are paying out bonuses... October 24, 1929 was Black Thursday, 79th anniversary has eerie similarities
As the global financial crisis continues to deepen it is hard not to draw parallels between current events and those that led up to the Great Depression. October 24 is the 79th anniversary of Black Thursday,... PNC Financial to Acquire National City Bank in Stock and Cash
Another incidence of banks buying banks" "PNC Financial Services Group Inc. is taking advantage of capital being raised from the U.S. Treasury Department's rescue plan and will buy National City Corp. for $5.58 billion in cash and stock.Under the deal, Pittsburgh-based PNC...
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