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KDakotaFund (23.78)

August 2009



Fed Official: Real Unemployment at 16 Percent

August 27, 2009 – Comments (2)

The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.  [more]



Warren: Banks Are Sitting on Bad Assets

August 14, 2009 – Comments (4)

Elizabeth Warren, head of the Congressional Oversight Committee, says most of the toxic assets former treasury Secretary Henry Paulson convinced Congress to give him $700 billion to buy are still on the banks’ books.

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