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Ep. 166: Harry Binswanger Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Leftist Media's Exaggeration of Government Bailouts

Some of the investment banks in the fall of 2008 got governmental bailouts to survive, he says. The extent of favors and bailouts that were given has been greatly exaggerated by the leftist media, Obama adds. But be careful of saying because a bank took a bailout, it was seeking favor in Washington,. At least half of those banks did not want to take the bailouts; some didn't need them at all.

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