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Money

Surprise weakness in US economy

Wednesday, 31 July, 2002, BBC News

The US economic recovery is losing momentum fast, according to new figures.

They showed that the economy was growing at an annual rate of 1.1% during April, May and June - much slower than the 5% growth rate enjoyed during the previous three months.

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Enron lawsuit portrays Rubin pushing bailout

By Patrice Hill
THE WASHINGTON TIMES

     Robert E. Rubin, the former Treasury secretary and current vice chairman of Citigroup Inc., is portrayed in the latest Enron lawsuit as trying to
protect the bank's extensive investments in Enron Corp. by orchestrating a bailout for the energy giant in the fall.

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Joe Lieberman’s Cover-Up Where is Robert Rubin?

 

 July 23, 2002 9:45 a.m.

 Joe Lieberman’s Cover-Up

 Where is Robert Rubin?

 The news this morning for Citigroup, Inc., one of Enron's largest creditors, is bad.

 The New York Times reports that "senior credit officers of Citigroup misrepresented the full nature of a 1999 transaction with Enron in the records of the deal so that Enron could ignore accounting requirements and hide its true financial condition, according to internal bank documents and government investigators."

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The Gathering Storm

Global Financial and Economic Crash Imminent

Stock Market, Pension Funds, Dollar on Brink of Collapse and Implosion

Theft and Fraud Losses to U.S. Taxpayers Exceed $4.2 Trillion

 by Michael C. Ruppert

[Copyright 2002, From The Wilderness Publications, www.copvcia.com. All Rights Reserved. May be copied or distributed for non-profit purposes only.

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Government loses $17bn in accounting error

Government loses $17bn in accounting error

By Chris Ayres in New York for the London Times

AS ACCOUNTING errors go, it is a whopper. The US Treasury has admitted that it has “lost” $17.3 billion (£11.7 billion) because of shoddy book-keeping — enough to buy a fleet of eight B-2 stealth bombers and still have change for jet fuel.

The admission, contained in the 2001 Financial Report of the United States Government, is likely to infuriate firms that have been targeted by the Bush Administration for sloppy accounting.

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