Latin America’s Twenty First Century Capitalism and the US Empire
By James Petras
Insofar as militarism defines the policies and strategies of the US Empire there is no remedy for the challenges of lumpen power in its ‘backyard’. And Washington has nothing on offer to recapture a dominant presence in Latin America. Continue
Federal Reserve Under Fire for Loaning Trillions to Foreign Banks in Financial Crisis: The biggest beneficiaries of the central bank's $3.3 trillion lending program were foreign banks that operate in the U.S., including London-based Barclay's, which received a $47.9 billion loan
General Electric Tapped Fed To Borrow $16 Billion: Newly released documents from the Federal Reserve Board show that General Electric Co. was a significant user of one of the Fed's rescue programs in the fall of 2008, even as the blue-ribbon company enjoyed the highest credit rating available at the time.
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