Financial News Update – 05/25/10 Posted on May 25, 2010 by TMH Sharing is caring!Facebook0TwitterPinterest0OBAMA REDISTRIBUTION VICTORY: PRIVATE PAY PLUMMETS, GOVT HANDOUTS SOAR Dow plunges 200+ points in first 2 minutes; Falls below 10,000 World stocks plummet on renewed Europe fears Gold Rising; Speculators buying faster than producers can mine Sen. Gregg: Financial Reform Bill Is ‘Disaster’ US Plays Down European Crisis but China Worried California Dems Unveil Tax-Increase Package Feds Fight Health Care Law Mandate Suit Cash for Clinton in U.N.’s Haiti Budget? Home Prices Drop .5 Percent No Consequences for Gov’t Employee Shopping Spree The Next Bailout: $165B for Unions (Hat Tip: Brian B.) Obama to snatch up to 75% of your income Obamacare’s Cooked Books and the ‘Doc Fix’ Pass a Budget or Take a Pass? Private sector pay shrinks to the lowest in US history Chilling Economic News Gingrich: U.S. Government Is Next Bubble to Pop GE CEO: Europe ‘Teetering’ on Edge of Economic Disaster SurvivalBlog: Is Your IRA or 401K a Target of Government Appropriation? British Expert: Great Depression II is Possible. California pension fund asks state for additional $600 Million. Crisis in Europe raises ‘double-dip’ recession worries Chrysler Adds 1,100 Jobs At Detroit Jeep Plant Even A Trillion Can’t Save The Euro City Fears “Great Depression Mark II” German Finance Minister: Markets Out Of Control Loan Demand to Buy US Homes Sinks to 13-Year Low Sears and K-Mart To Offer Cash-For-Gold Service.