Fed gives AIG more money: $37.8 billion

Fight the power. Hunter Hogan at HunterThinks.com

AIG has spent $61 billion of the original $85 billion already, and investors and credit raters went nuts. The Fed loaned another $37.8 billion to keep AIG from going bankrupt.

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Two more Gitmo prisoners released without charges

Fight the power. Hunter Hogan at HunterThinks.com

The Pentagon confirmed today that two more Guantanamo Bay prisoners were released. No charges were filled against the alleged dangerous enemy combatants. The Pentagon did not release the cost of imprisoning them for so long.

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Closing Gaza border makes Hamas stronger

Fight the power. Hunter Hogan at HunterThinks.com

Israel and Egypt have closed all borders with the Gaza strip because Hamas controls Gaza. Smugglers have dug hundreds of tunnels under the border to bring in food, fuel, supplies, and weapons. Hamas, as the only government in the Gaza strip, has started to regulate the tunnels. Forty-five workers have died in the tunnels this … Read more

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Most central banks in the world cut interest rate

Fight the power. Hunter Hogan at HunterThinks.com

In each country, a central bank sets the interest rate that banks use to lend each other money. The US central bank, the Fed, issued an emergency rate cut today, and so did most other central banks around the world.

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