Financial News Update – 04/15/10

Fernandez Ends Argentina’s Nine-Year Default With a $20 Billion Debt Swap

Former N.Y. Gov. Pataki Announces Plan to Repeal Health Care Law (Hat Tip: Jean Stoner)

Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court (Hat Tip: Jean Stoner)

Democratic Tax Increases (Hat Tip: Brian B.)

Medical Schools Can’t Keep Up (Hat Tip: Brian B.)

Waging War on Obamacare

What’s Obama Doing to Your Taxes?

Morning Bell: How Tax Day Became Payday

Bigger Businesses Pay Higher Wages

VIDEO: Tax Day By The Numbers

Guest Blogger: Rep. Pete Olson (R-TX) on Tax Day

Goldman Sachs to Harry Reid: Back Off (Hat Tip: Jean Stoner)

Business Owner Says Economy Not Turning Around

Labor unions put heat on Democrats (Hat Tip: Jean Stoner)

Citizens Opposed to Health Care Law Join Lawsuit Against Democratic Leaders (Hat Tip: Jean Stoner)

Bernanke: Rates to Stay Low for ‘Extended Period’

Reich: Summers, Greenspan Haven’t Got a Clue

Soros: Euro, EU Will Collapse if Germany Doesn’t Make Concessions

Senate Cap and Trade Bill Skipping Committee Process-Will Be Drafted Behind Closed Doors


Supreme Court wants more money for security; Justice Thomas cites ‘volume’ of threats

MAG: ’09 Profits Soar to Historic Highs, While Sales Plummet

New jobless claims ‘unexpectedly’ soar

Rise for second straight week

Soros warns on market crash

Foreclosure rates surge, biggest jump in 5 years

Defaults Rise in Loan Modification Program

OPEC will step in if oil price hits 100 dollars: Kuwait

Taxpayers foot State Department’s stiff liquor bill

YOUR Tax Dollars Lost in Space?

Will Bank Regulations Lead to More Gov’t Bailouts?

Poll: Opposition to Obama’s Health Law Surges

Why CEO Health Hearing Was Axed


Pray For Inflation — It’s Our Only Hope. [JWR’s Comment: Well, its the government’s only hope. For the Citizenry, mass inflation will be wealth destruction. As I’ve noted before, inflation is essentially a hidden from of taxation.]

The Dow at 11,000 is Misleading. (CZD warns that he expects there will be multiple dips. I concur. This “recession” is far from over. I stand by my assertion, that we are actually in the early stages of of depression.)

The Dow’s Up But Trades are Scarce, Worrying Bulls

Bank Prohibits Bullion and Cash in Safety Deposit Boxes

PIMCO’s Bill Gross Frantically Dumping Treasuries, Thinks US Interest Rates Will Soar

Gas Prices are Up, But is That a Good Thing?

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