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Hedge funds tip-toe toward an uncertain future
NEW YORK (Reuters) - It wasn't too long ago big-time hedge fund managers like James Pallotta were erecting monuments to themselves. In Pallotta's case, it was a $21 million Georgian-style mansion he built in 2007 in Weston, a leafy Boston suburb uncomfortable with such displays of wealth.
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2009-12-09
US extends bailout authority to October 2010
WASHINGTON (AFP) - US Treasury Secretary Timothy Geithner on Wednesday extended the authority of a 700-billion-dollar financial bailout to October 2010 even as he noted the program would cost less than expected.
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2009-12-09
Administration to slash bailout cost estimate
WASHINGTON - The Obama administration will lose $200 billion less than expected from the federal bailout program and is looking at using part of the savings to fund new job creation efforts.
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2009-12-07
Geithner vows to lower US budget gap to 3%
WASHINGTON (AFP) - Treasury Secretary Timothy Geithner vowed Thursday to lower the double-digit US budget deficit to 3.0 percent of economic output in the "medium term" to get the recession-wracked US economy back on track.
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2009-12-03
Analysis: Fed under fire as public anger mounts
WASHINGTON - Suddenly the Federal Reserve is everybody's punching bag.
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2009-11-22
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