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Nddj Sri Lanka Declares Victory in War Against Rebels
Photo of the Federal Reserve by: Andrew Harrer/Bloomberg via Getty ImagesPaul Solman frequently answers questions from the NewsHour audience on business and economic news on his Ma stanley cup king Sen$e page. Here is Wednesday query:Bill Harshaw: Sen. Bernie Sanders in July 2011 said: The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Sanders to the Wall Street reform law passed one year ago this week had directed the Government Accountability Office to conduct the study. As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corpora stanley cup tions in the United States and throughout the world, said Sanders. This is a clear case of socialism for the rich and rugged, you ;re-on-your-own individualism for everyone else. This seems to have become a meme on the left. Could you explain Paul Solman: I could try. The $16 trillion dollar total is, to my mind stanley cup , a wildly inflated number. Bloomberg, which was reporting this story last year, came up with a total of $1.2 trillion, pretty much the amount people originally thought the Fed had pledged at the time of the Crash of ;08. Here Bloomberg on the Uaxu New Year s Eve Across the World
In an interview with The New York Times, Mubarak said an Egyptian secret agent in close contact with the bin Laden terrorist network tried to foil the operation.We started to use them, to tell them, can you stop this, or delay this now, the time is not suitable, ; trying to give ourselves time to realize what may take place, he said.Mubarak said his officers did not know what the target would be, or what form the attack would take.We thought it air force 1 was an embassy, an airplane, something, the usual thing, he said.The White House was quick to cast doubt on whether such advance notice took place. Spokesman Ari Fleischer said the United States had no information t airmax o support the Egyptian president statements.However, Mubarak comments are the first time a foreign leader has said there was intelligence infiltration into the al-Qaida network. The Egyptian president said he did not know what steps were taken after the warning, but that security at the United States Embassy in Cairo was tightened in early September.Mubarak, who is traveling to Washington this week, has tried to portray Eg stanley cup ypt as a valuable intelligence partner in the war against terrorism, a notion he said some in the U.S. Congress question.Maybe some congressmen were thinking, What is Egypt doing Mubarak said in the interview. There are so many things we cannot say. Mainly intelligence information. We did a lot, but sometimes you have to d