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Bush: U.S. Citizens to Welcome Our 51 State

by Scott Ott · 116 Comments

(2008-09-20) — Although it cost more than the Louisiana Purchase and the Alaska purchase combined and offers far less acreage, President George Bush today said he thinks “U.S. citizens will welcome our 51 state with open arms.”
The announcement that the financial realm collectively known as “Wall Street” had applied for statehood follows a week in [...]

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Tags: Business · U.S. News

Fed Bails Out Local Man Who’s 'Too Big To Fail'

by Scott Ott · 12 Comments

(2008-09-17) — Just hours after lending $85 billion to insurance giant AIG to protect financial markets from a cataclysmic bankruptcy, the Federal Reserve announced early today it would also bail out Howard Jameson, 52, of Beech Creek, Pa., because the local man is “simply too big to fail.”
Mr. Jameson, father of four, lost his job [...]

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Tags: Business · U.S. News

Wall Street Seeks Disaster Declaration, FEMA Help

by Scott Ott · 35 Comments

(2008-09-15) — The Bush administration is said to be considering an appeal for a disaster declaration by officials at Lehman Brothers, AIG, Merrill Lynch and other Wall Street firms who said they need the Federal Emergency Management Agency (FEMA) to intervene in the wake of a “Category 5 liquidity crisis.”
A White House spokesman said President [...]

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Tags: Business · U.S. News