Greece May Take Legal Steps Against U.S. Banks for Crisis
Merkel: Rescue package ‘just buys time’
Trichet: economy in deepest crisis since WWII (& WWI) (Hat Tip: Jean Stoner)
Pimco’s El-Erian Warns Inflation to Hit US, Europe (Hat Tip: Jean Stoner)
AN Updated List of Goldman Sachs Ties To The Obama Government Including Elena Kagan (Hat Tip: Jean Stoner)
Boehner: US Becoming Greece (Hat Tip: Jean Stoner)
‘Mummy’ Merkel battered as Germans lose faith in EU – – After bailing out Greece and now the euro, Germany is fed up with being Europe’s paymaster (Hat Tip: Jean Stoner)
In fiat money we do not trust. “Monetise. Monetise. Monetise. Inflation. Inflation. Inflation.”
Millions of jobs that were cut won’t likely return.
US faces same problems as Greece, says Bank of England
Roubini: “The US Economy is Unsustainable”
Four more banks closed on Friday, now 72 for the year.
And in case you missed the news last Friday: Bank closures cost $7.3 BILLION for one week. Reading through this article, one learns we are bailing out banks in Puerto Rico: “The Deposit Insurance Fund (DIF) was tapped for $6.5 billion in the first quarter of 2010 and another $9.4 billion for just the first month of the second quarter. This brings the estimated DIF deficit to $36.8 billion excluding the prepaid $46 billion that sits on the sideline for 2010 through 2012. After applying the $15,333 billion prepaid assessments for 2010, the DIF is in arrears by $28.0 billion. After you apply the total $46 billion prepayments, there is only $9.2 billion left that’s supposed to cover all losses through 2012. It looks like the FDIC will have to tap its $500 billion line of credit with the US Treasury, which will put tax payers on the hook yet again.”
Protesters Attempt to Storm Irish Parliament
FDIC Backing 8,000 Banks with $13 Trillion in Assets and a Negative Deposit Insurance Fund
Gold: The World’s #1 Asset Class
Toxic Mortgage Fears Hit Morgan Stanley
UK: More than 1 Million Forced to Take Part Time Work
Panic Buying of Physical Gold in Europe Threatens Depletion of Austrian Mint
