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Newspaper Roundup for July 1, 2009
CNSNews.com Headlines — Home News Politics CNSNews.com Newspaper Roundup for July 1, 2009 Wednesday, July 01, 2009 By Susan Jones, Senior Editor BBC: Fury at Rwanda forced sterilization bill Washington Post: After Call From Senator's Office, Small Hawaii Bank Got U.S. Aid Fox News: Biden Tapped to Oversee Political Reconciliation in Iraq Washington Times: Hillary Clinton Reportedly Pressed Obama to Take Harder Line on Iran Boston Globe: Dozens of wind turbines could sprout within sight of the Mass. shoreline Fox News: Canada Sees Boom in ...

Crony Capitalism...Sen. Daniel Inouye's (DEMOCRAT-HI) Office Gets Results, Saves Local Bank And Their Boss' Investment
Ace of Spades HQ — Crony Capitalism...Sen. Daniel Inouye's (DEMOCRAT-HI) Office Gets Results, Saves Local Bank And Their Boss' Investment It's good to have friends in high places, especially ones with a significant financial interest in your bank and a huge amount of federal money being handed out. The bank, Central Pacific Financial, was an unlikely candidate for a program designed by the Treasury Department to bolster healthy banks. The firm's losses were depleting its capital reserves. Its primary regulator, the Federal Deposit Insurance Corp., already had decided that it didn't meet the ...

Exhibit “A” Why Bank Bailouts Perceived Unfair
The Moderate Voice — ... United States taxpayers are not happy campers when the subject of bank bailouts are discussed and I’m certain that perception will be bolstered by a story in today’s Washington Post that indicates Sen. Daniel K. Inouye (D-Hawaii) played a role in a bailout for a bank in which most of his life’s savings are invested. ...