Financial News Update – 06/10/10

Stocks Fall In Another Big Heartbreaker For The Bulls: Here’s What You Need To Know (Hat Tip: Jean Stoner)

U.S. Marine fires back over Shariah loans, suing Fed for promoting Islam with AIG bailout (Hat Tip: Jean Stoner)

Protecting Your Cash: Understanding FDIC Insurance (Hat Tip: Jean Stoner)

McConnell Charges That ‘Major Part’ of Democrats’ Cap-Trade Bill ‘Essentially Written by BP’ (Hat Tip: Jean Stoner)

Senate Climate Bill’s Boosters Try Smorgasbord Strategy in Bid for Votes (Pigs at the trough!!) (Hat Tip: Jean Stoner)

Book reveals what a total economic collapse will look like

Deflation Is Good

Stopping The EPA’s Power Grab (Hat Tip: Jean Stoner)

States Begging Congress For $24B Medicaid Bailout [Dem Governors From WA; PA; KS; WI] (Hat Tip: Jean Stoner)

Asia Stocks Rise, Euro Steady On China Data (Hat Tip: Jean Stoner)

Bernanke: “Nothing on the Table at this Point” to Tackle Fiscal Crisis (Hat Tip: Jean Stoner)

Storm Ahead (Hat Tip: Jean Stoner)

Stock Market On the Edge of Something Very Big, Crash? (Hat Tip: Jean Stoner)

Thursday: Jobless Claims in Focus as Spill Spooks Markets (Hat Tip: Jean Stoner)

U.S debt to rise to $19.6 trillion by 2015 (Hat Tip: Jean Stoner)

Obama’s Deficit commission may target mortgage deductions (caps on tax breaks for mortgage interest) (Hat Tip: Jean Stoner)

Gold Prices Nudge $1250/Oz, Are You Prepared? (Hat Tip: Jean Stoner)

Job Data Show Economy Beset By Uncertainty (Hat Tip: Jean Stoner)

Alaska senator moves to strip EPA’s authority

Angry Voters Are Right: Growing Debt Can Slow the Economy

NEW VIDEO: Federal Spending By The Numbers

Time to Stop the Medicaid Bailouts

Chicago’s showdown over WalMart pits Blacks desperate for work against Union Thugs and Democrats (Hat Tip: Jean Stoner)

Deutsche Bank Is About To Turn Into America’s Public Enemy #1 (Hat Tip: Jean Stoner)

Chinese Export Rumors Were True (Hat Tip: Jean Stoner)

Stop the Durbin Interchange Amendment! (Hat Tip: Jean Stoner)

Chairman of Goldman Sachs International Was – Until Last Year – Also Chairman of BP (Hat Tip: Brian B.)

Ohio Treasurer’s Muslim CFO Amer Ahmad hands out no-bid contracts, state jobs to fellow Islamic extremists, attends terror tied Noor mosque (Hat Tip: Jean Stoner)

Marine to be fired for not giving money to Democrats

B.O. Giving $400 MILLION Of YOUR TAX DOLLARS TO HAMAS. (Hat Tip: Nancy Jacques)

Senate showdown over EPA power grab

‘Climate change’ showdown in Senate… Developing

SHOWDOWN: New Jersey Towns Raising Property Taxes Above Christie’s Proposed 2.5% Cap

Oil spill ripples through Florida economy

UK PAPER: Obama’s attacks hurting pensioners


Debt Spreading ‘Like a Cancer’

Soros Says ‘We Have Just Entered Act II’ of Crisis as Europe’s Woes Spread

Feds Approves Five-Minute Trading Halts for Companies That Move 10%

Chinese labor unrest spreads

Bill Pitched to Save Marine Under Fire

Weekly Jobless Claims Dip by 3,000 to 456,000

Goldman Sachs Under New Probe

Wall Street to Washington: Watch Your Mouth


Treasury Report: US Debt to Skyrocket to $19.6 Trillion by 2015. Hmmmm… Lets’s do the math: The current “official debt” is around $12 Trillion, which is around 93% of our GDP. And $19.6 Trillion would be a 63% larger debt. If the economy doesn’t grow, then that means that by 2015 the debt will be…uh-oh. And as a data point, Greece is presently in a full-blown crisis that is about to crater the Euro, because their debt got to 130% of GDP.)

Sovereign Credit-Default Swaps Surge on Hungarian Debt Crisis

Banking System Collapse: Wake Up America Your Banks Are Dying

Haven’t We Been to This Show Before?

Germany Signals End of Love Affair With Europe

If 1 + 1 Still Equals 2 Then Gold Will Explode

Gold $2,500 Still Looks More Likely Than Ever

No Escape (The Mogambo Guru)

More lies from Helicopter Ben: Bernanke: Recovery on Track Despite Despite Headwinds

Wholesale Inventories and Sales Both Up in April

More Employees Jump Ship as Economy Improves

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