Financial News Update – 06/20/10

Fannie and Freddie tab is $146B and rising (Hat Tip: Brian B.)

Lyndon LaRouche Explains the Collapsing Western Economy and How the World Really Works

Obama’s illegal war on Wall Street to drive up banking costs

Top ten most outrageous union scandals

Merkel Refutes Obama: Won’t Agree to His Push For More Deficit Spending

Obama Boss George Soros Ready To Profit From Oil Disaster (Hat Tip: Jean Stoner)

The poor ye always have with you

Yuan Unshackled May Strengthen China’s Shift to Domestic Demand for Growth

Bond Sales Stage Comeback as Interest-Rate Swaps Decline: Credit Markets

China’s Hu Buys Time on Yuan Valuation by Announcement Before G-20 Summit

Osborne to Hit Banks, Welfare, Pensions to Close Record U.K. Budget Gap

Hugo Chavez Orders Raids as Food Prices Skyrocket

New tax to push cigarettes over $10 a pack in NYC

New Jersey battles over tax on millionaires

USA manufacturing crown slips; Country’s factories to be overtaken by China’s next year

Canada’s economy suddenly the envy of world

States Take Aim at Pension Costs

FANNIE AND FREDDIE tab 146B and rising; Foreclosed on home every 90 seconds


Mark Skousen: Gold Surge Points to Higher Inflation

Greenspan Says US May Soon Reach Borrowing Limits

The latest bank casualty in the FDIC’s Friday Follies: Nevada Security Bank. (It is notable that the pace of bank failures is more than double last year’s.)

Fannie-Freddie to Delist Shares from NYSE

Coffee Prices Jump 20% in One Week

Deficit Terrorists Strike in the UK

Job Woes Persist as Jobless Claims Rise

Ambrose Evans-Pritchard: The Euro Mutiny Begins

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