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Mark Weisbrot
 
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“Funding the Fund”… or Not: Debunking WaPo’s Pro-Supplemental Editorial
By: Mark Weisbrot Thursday June 11, 2009 7:50 am

Below are some comments on today’s plea from the Washington Post Editorial Board for more money for the International Monetary fund.

read post comment on this60 Comments

The Next Big Taxpayer Bailout? IMF Could Get Hundreds of Billions for European Banks
By: Mark Weisbrot Monday June 8, 2009 12:15 pm

The bailout of private banks and financial institutions has become a touchy political issue in the United States, ever since President Bush’s Treasury Secretary and former Goldman Sachs CEO Hank Paulson asked Congress for a $700 billion dollar blank check last September.

Now the Obama administration is asking the Congress for $108 billion for the International Monetary Fund. What is all this money for? There is an answer staring us in the face from the financial press: European banks.

read post comment on this18 Comments
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