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Mortgage-backed securities that brought about the financial crisis earned the U.S. Treasury $25 billion

The US Treasury said Monday it had earned $25 billion from investments it made in mortgage-backed securities during the height of the financial crisis in 2008-2009. Announcing the completion of its disposal of its position in the securities, which were at the center of the meltdown of the financial system,…

Issa heckled at bank hearing: ‘Shame on you!’

At an unusual congressional hearing in Brooklyn on Monday, House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) was interrupted by protesters who claimed he had favored banks over people. “We want you to go and fight for us!” one woman shouted. “Vote for the people that elected you!…

Tennessee bill would force state to publicly name abortion doctors

A new bill headed for a vote by a Tennessee House committee this week targets abortion providers by requiring the state’s Department of Health to publish detailed information about doctors on a public website. Known as H.B. 3308, or the “Life Defense Act of 2012,” the bill would not actually…

Trayvon Martin’s mother: Shooter ‘responding to the color of his skin’

The mother of a black Florida teen who was gunned down by a neighborhood watch vigilante in February blames the incident on racial profiling. Sabrina Fulton told NBC’s Matt Lauer on Monday that her son, Trayvon Martin, was only shot and killed by neighborhood watch leader George Zimmerman because he…

Santorum to GOP: Don’t nominate ‘Tweedledum’ like Romney

Presidential candidate Rick Santorum says that Republicans can’t win if they nominate a “Tweedledum” like former Massachusetts Gov. Mitt Romney. In an Monday interview on CBS, Santorum told host Charlie Rose that if he could stay in the race until the convention, delegates would want to nominate a true conservative…

New York baseball team trial looms over Madoff money

The owners of the New York Mets baseball team were set to go on trial Monday in a crucial test of attempts to recoup billions of dollars lost during Ponzi conman Bernard Madoff’s fraud. The official trustee seeking to help defrauded investors will try to persuade a jury that the Mets owners were…

Romney wins Puerto Rico Republican primary

Mitt Romney scored a resounding win in Puerto Rico’s Republican primary, gaining momentum in the hotly contested White House race. With 34 percent of the precincts reporting, the former Massachusetts governor had more than 83 percent of the vote, according to the State Elections Commission, or CEEPR, in the US…

Clooney: Obama’s chances are good, but don’t get cocky

Actor George Clooney on Sunday said that President Barack Obama was likely to be re-elected, but cautioned liberals not to get cocky “because you will always lose.” In an interview with NBC’s David Gregory, Clooney explained that the president has “always looked good to be re-elected.” “I happen to believe…

Fidel Castro may have known of Oswald plot to kill JFK, ex-CIA officer claims

Retired CIA officer says Cuban leader ordered intelligence officer to listen for news from Texas on morning of shooting. It is one of history’s most enduring mysteries and has kept conspiracy theorists buzzing for half a century: did Fidel Castro have a hand in the assassination of President John F…

Shuster: ‘The Republican Party works for Fox News’

Current TV correspondent David Shuster says that it should not be a surprise to Republican presidential candidate Rick Santorum or anyone else that Fox News is “shilling” for former Massachusetts governor Mitt Romney. Last week, Santorum complained to Fox News host Brian Kilmeade that the conservative news network was in…

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