Free Republic

In 2008, the United States government and Federal Reserve helped bailout European banks to the tune of trillions of dollars.  The reactions to this by Congress and the public ensured that any future bailouts would have to be performed through the use of a proxy institution. It appears that this proxy institution has been found, as the IMF on November 22nd just opened a new credit facility with the primary purpose of providing liquidity to sovereign nations, especially those currently in the Euro Zone. IMF talking points on new credit facility * IMF APPROVES CREDIT LINE PROGRAM CHANGES TO PROVIDE...

A judge has delayed sentencing for Antoin “Tony” Rezko, a top fundraiser and adviser to disgraced former Gov. Rod Blagojevich. Rezko, convicted on corruption charges, was scheduled to be sentenced on Oct. 21. But prosecutors asked U.S. District Judge Amy St. Eve to move the sentencing because another corruption trial connected to the Blagojevich administration starts this week – and includes allegations of an extortion plot involving Rezko. Prosecutors most directly involved in the Rezko sentencing are also handling the prosecution of William Cellini, a Springfield powerbroker whose trial on charges including attempted extortion and fraud starts this morning. In...