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Banks get $140 billion tax break on top of bailout money
In the blink of an eye, and on three little pages of a standard memo, the US Treasury Department granted the banking industry a $140 billion tax break on top of the $700 billion in taxpayer money being handed over... Naomi Klein: Wall Street is a Multi-Trillion Dollar Crime Scene, Dems are Com...
Naomi Klein, author of the best-selling "Shock Doctrine" about capitalist exploitation of disaster for profit, comments on the Wall Street Bailout, the Federal Reserve extending $2 trillion in emergency loans without disclosing recipients or collateral, the Treasury's illegal... 'Wells Fargo Ruling' May Be Illegal
The US Treasury, under cover of the uproar over the Wall Street Bailout, issued a notice in which it claimed authority to overturn Section 382 of the Tax Code, a two-decade old law created to stop mega-conglomerates from using shell companies to hide losses and avoid taxes....
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