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Goldman Sachs reveals where bailout cash went

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Goldman Sachs received a $12.9 billion payout from the government's bailout of AIG, which was at one time the world's largest insurance company. Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night. Goldman Sachs disclosed the list of companies to the Senate Finance Committee... 

Obama to propose new financial regulator, stronger Fed

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The Obama administration is proposing the broadest changes in financial regulation since the Great Depression, calling for the elimination of some bank regulators and giving the Treasury Department and Federal Reserve vast new authority. “We are going to put forward a very strong set of regulatory measures we think can prevent this kind of crisis from happening again,” President Barack... 
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