Financial News Update – 05/11/10

US Exposure to EU Bailout: $50 Billion and Counting

CNBC’s Rick Santelli Rips Key Democrat For Ignoring FANNIE/FREDDIE Reform

Senate OKs One-Time Audit of Fed Reserve Lending

THE GOATS DID IT..HR 2749..THE SEIZURE OF U.S. FOOD SUPPLY AND PRODUCTION PASSED IN THE HOUSE..KILL IT IN THE SENATE..HAIL MARY..! (Hat Tip: Jean Stoner)

Roubini: Europe Is Facing A Double-Dip Recession (Hat Tip: Jean Stoner)

Andy Xie: The Only ‘V’ Right Now Stands For ‘Vulnerable’, A New Crisis Is Coming (Hat Tip: Jean Stoner)

The Greek Bailout Goes Against Centuries Of Nationalism And That’s Why It Will Backfire (Hat Tip: Jean Stoner)

If CDS Spreads Are Right, Then Europe’s Bailout Fund Is A Giant Failure (Hat Tip: Jean Stoner)

The Honeymoon Is Over And Markets Are Tanking (Hat Tip: Jean Stoner)

A List of Goldman Sachs People in the Obama Government (Hat Tip: Jean Stoner)

GLOBAL MARKETS: European Stocks Fall; Bailout Reassessed (Hat Tip: Jean Stoner)

Stocks Head Higher, Gilts, Pound Gain on Coalition Speculation (Hat Tip: Jean Stoner)

U.S. stock futures cool off on EU jitters, China hike fears (Euro falls below pre-rescue pkg level) (Hat Tip: Jean Stoner)

1000 Point Drop DOW!?! Greeks Burning Greeks! Wall Street Bonuses Out of Control! Time For The Fed To Bailout Europe…Yea Baby Give Me More!

Morning Bell: What’s Worse Than Energy Taxes? Renewable Electricity Standards

Defense Spending is Not the Problem

Outside the Beltway: Takin’ What They’re Givin’ But Not Workin’ for a Livin’

Unions warn of Greek-style riots in Britain against public sector cuts after court victory over capping of redundancies (Hat Tip: Brian B.)

$1 TRILLION WASN’T ENOUGH!

OBAMA PUSHED MERKEL

White House Seeks Controls on Food Marketing; Warns of ‘National Health Crisis’ for Children

Eradicating food deserts

Did Big Bet Trigger Stock Swoon?

Gold Hits 2010 Record High

CITI to Pay Director $350,000 for Three Weeks of Consulting Work

World Health Organization Moving Ahead on Billions in Internet, Other Taxes

‘Browbeaten’ Merkel weakens Germany in EU

ONE LAST PUSH BEFORE FALL: Dems poised to move measures with high price tags

Germany, France May Compromise AAA Ratings

Welfare system ‘could cause Israel to collapse’

SurvivalBlog:

The Fed now owns Red Roof Inns

Food stamp tally nears 40 million, sets record.

America has good reason to worry about Greece.

EU close to €500 billion boost for rescue plan

Will Nickel-Free Nickels Make a Dime’s Worth of Difference? Plan to Mint Cheaper Coins Tests Mettle of Laundromats, Zinc Lobbyists

Stocks Surge on Plan to Ease European Debt Crunch

Fannie Mae Seeks $8.1 Billion in Aid After First Quarter Loss

750 Billion Euro Rescue Package Sparks Global Rally

Celente: Crash of 2010 Inevitable

20 Most Stressed, Least Stressed Counties in America

Greek Debt Contagion Fears Batter Euro, Stock Markets

End of Unemployment Checks Mean No Income for Many

Gold Heats Up as Athens Burns

Gold Again Over $1,200…Going to $2,000+, But False Misleading Statements Still Abound


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