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Freddie Mac asks for additional $10,000,000,000 bailout

Troubled US government-backed mortgage firm Freddie Mac on Wednesday asked for an additional 10.6 billion dollars from the Treasury Department to cover losses. Announcing a 6.7 billion dollar loss in the first quarter, Freddie Mac said it would need the new funding by June 30 this year. The Washington-based company…

Revealed: NYC car bomb suspect worked at same firm as ‘Catch Me If You Can’ con artist

Faisal Shahzad, the man accused of attempting to detonate a car bomb in the middle of New York City, spent three years working as a financial analyst for Affinion Group Holdings Inc., a marketing and security firm that employs as its spokesman someone quite well known to fans of Steven…

Massive cyber attack breached 75,000 PCs around the world

Coordinated cyberattacks launched from Europe and China breached computers at firms and government agencies worldwide in the past 18 months, The Wall Street Journal reported. The Journal quoted computer security firm NetWitness as saying the attacks made mountains of data vulnerable to mining by hackers, although the damage had yet…

House committee wants Geithner testimony over AIG bailout scandal

The chairman of the House oversight committee has questions about the $182 billion in bailouts given to American International Group and he’s ready to call in the U.S. Treasury secretary to get some answers. At least one television host is suggesting the New York Federal Reserve’s involvement in the bailout…

Report: Bristol Palin may become a political consultant

MSNBC’s Rachel Maddow has looked into online claims that Bristol Palin, the 19-year-old daughter of Sarah Palin, has launched a political PR and consultancy firm — and has found the claims to be true. But that doesn’t mean the 19-year-old Bristol — mother of Tripp, now the focus of a…

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