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From Zero
Hedge:
The Q1
2010 corporate lobbying data from the
House Office Of The Clerk has been
released and it shows that
Goldman's lobbying efforts have
really taken off: after donating
"just" $670,000 in Q1 2009, the firm
doubled its political campaign donations
to $1.15 million for the first
three months of 2010.
The bulk of specific lobbying
issues focused on Dodd's Wall Street
Reform act, HR4173.
Among other lobbying activity were issues
relating to .....
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From The Pragmatic
Capitalist:
European sovereign credit markets are
showing further distress with
Greece 5yr CDS breaking fiercely
through 500 level…currently trading at
540.
Other weaker European names
including Spain and Portugal are also
trading worse by a fair
amount.
We have
even heard of .....
(Graphic Charts
included)
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From Zero
Hedge:
Richard Koo's latest observations on the US
economy are as always, a must read.
The critical observation from the Nomura
economist explains why the realists
and the naive idealists are at greater odds
than ever before: the government continues
to perpetuate, endorse and legalize
accounting fraud in the hope that covering
everything up under the rug will rekindle
animal spirits.
The truth, as Koo points out, is that were
the FASB to show the real sad state of
affairs...
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