Financial News Update – 05/28/10

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Credit rating cut deals blow to Spain

Debt Burden

House Approves Scaled-Down Tax and Spending Bill

US Stocks Post Year’s Second-Biggest Gain As Euro Fears Ebb (Hat Tip: Jean Stoner)

Missing from financial reform: Freddie and Fannie (Hat Tip: Jean Stoner)

Stimulus Surprise: Companies Retrench When Government Spends (Hat Tip: Jean Stoner)

Friday Preview: Stocks on Track for Worst May Since 1962 (Hat Tip: Brian B.)

Rep. Steve King: Obamacare Repeal Is Still Possible – and Priority #1

Leveling the Budget Playing Field by Fixing A Kinky CBO

Cuccinelli on Obamacare Lawsuit: ‘We Are Doing What the Founders Expected’

Obama’s Oil Spill Speech Overreaches on Cap and Trade, Cancelled Drilling

Hedgeye CEO Keith McCullough: The U.S. Collapse Will Follow Europe’s, And Bernanke Will Be Fired (Hat Tip: Jean Stoner)

March Madness Recap: spending gone mad (rankings 65th-1st) (Hat Tip: Nancy Jacques)

Economic Collapse – Martial Law – 24 Experts Warn of 2010 Meltdown (Hat Tip: Jean Stoner)

Bond Giant: Volatile US Stocks to Crash Again

Siegel: Even Muni Bonds Get Hit by Obamacare Tax Hikes

Citigroup: Global Public Finances in Worst Shape Since 1900

GOP moves to repeal healthcare law (Hat Tip: Brian B.)

Cyberattack hits Treasury Credit Union

Employees at California medical marijuana facility join union

Oakland to license, tax indoor growers

Geithner upbeat on ‘global regulation’ plan

Europe faces strikes over austerity measures

Bankruptcy talk spreads among California muni officials

Hillary: ‘The rich are not paying their fair share’

Canada to spend $1 billion for G20 security

Commodities surge after ‘prediction’

Is the World Broke?


Gold and Silver Insurance

Italy Banning Cash Transactions Over €5,000 As Latest European Austerity Package Revealed

Number of the Week: 75% Chance of Greek Default

Moody’s Reiterates U.S. Spending Risks Credit Rating

California to borrow next 20 years worth of bottle returns.

Falling Home Prices Stir Fears of New Bottom

Consumer Confidence Up Again

Factory Orders And New-Home Sales Rise in April

Oil Prices Jump 4% After 3-Week Slump

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