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Americans to Wall Street: Why should we bail you out?

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29 September 2008 Henry “Hank” Paulson pitched it as a panacea for America’s financial woes. But, despite all the sabre-rattling and doom-mongering from US president George Bush, the people of America have not allowed themselves to be hoodwinked.  Why should they take ownership of the very worst loans and other …

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Greenspan ‘more of a threat than bin Laden’

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By Ian Fraser Published: Sunday Herald Date: 6 February 2005 ALAN Greenspan, chairman of the Federal Reserve, is a “bigger threat to the US economy than Osama bin Laden”, according to a leading Scottish investor. The claim comes from Robin Angus, director of the £150 million Personal Assets Trust and …

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Witch-hunt on Wall Street

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By Ian Fraser, Financial Editor Published: Sunday Herald Date: 13 October 2002 Ian Fraser reports on the race in America to find the most draconian measure to tackle financial corruption TWO years after the irrational exuberance of the dotcom era subsided, a new mood prevails on Wall Street. Legislators from both …

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World bank rebel wages war on Wall Street

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By Ian Fraser Published: Sunday Herald Date: 7 July 2002 JOSEPH Stiglitz is a rare breed, an heretical economist who has ruffled the self-satisfied global establishment that once fed him. When I met him in the fashionable surroundings of One Aldwych last week, Stiglitz warned that current fears about the …

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Darkest hour for the men on the Mound

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By Ian Fraser, Kenny Kemp and Quentin Sommerville Published: Sunday Herald Date: 6 June 1999 IT will go down in history as Scotland’s worst video nasty. The men on the Mound believed they had weathered the worst of the storm over their controversial deal with television evangelist Pat Robertson. Until …