Financial News Update – 12/2/10


BOMBSHELL: European banks took big slice of aid

Hundreds of billions of dollars

Fed reveals global extent of its backing

BANK OF AMERICA Becoming ‘Bank of Asia’ as Revenue Increases 30%

MORE SECRETS: Fed Withholds Data for $885 Billion in Loans


China Gold Imports Soar Almost Fivefold on Inflation

Health premiums surge 41%


Reid Angers GOP by Pushing Four Versions of DREAM Act Without Hearing


IT’S OUT – Federal Reserve Bailout Details Released

The 15 World Cities That Were Destroyed By The Recession

CHART OF THE DAY: Global Food Prices About To Break An All Time High

Dylan Grice: There Are Three Steps To Every Financial Crisis And Europe Is On The Brink Of The Third

Careful: Jean-Claude Trichet Could Cause This Market To Crash Into A Wall Tomorrow

Albert Edwards: The Bubble In China And The Rest Of The Emerging World Is On The Brink Of Popping

New York Continues Public Health Onslaught With Stunning Anti-Drinking Posters

Bulls Drop A Monster Bomb On The Bears: Here’s What You Need To Know

Two Reasons India Will Overtake China By 2025

Tighter food supplies, high prices to persist (Hat Tip: Brian B.)

Squeeze Could Hang Bears on Ropes Till 2011

It’s an Anglo-American World

Free-Market Capitalism: The Greatest Re-Distributor of Wealth in the History of Mankind (Hat Tip: Renee Taylor)

Russia’s central bank to invest reserves in Australian dollar (Hat Tip: Brian B.)

THIS Will Be Your Next Wallet (Hat Tip: Brian B.)

Skirting EU law: The rebranding of incandescent bulbs as “Heat Balls” (Hat Tip: Brian B.)

House GOP scuttles nutrition bill at center of first lady’s anti-obesity drive (Hat Tip: Brian B.)

BE YOUR OWN LEADER: Canada Surrenders Sovereignty and Privacy to U.S. Secure Flight Program (Hat Tip: Brian B.)

Middle-Income Tax Cut Likely to Stall in Senate

Trichet Signals He’s Not Against Increasing Rescue Fund

Retail Sales Gain Most Since March on Black Friday Boost – This is rigged…

Pending Sales of U.S. Existing Homes Rise a Record 10% – This is rigged…

Fed’s Plosser Says QE Will Complicate Withdrawal of Stimulus

Boehner Calls Tax Cuts Vote ‘Chicken Crap’

Weekly Jobless Claims Rise

Two GOP Senators Back Debt Panel’s Proposals

Children will be given shopping vouchers for walking to school (Hat Tip: Brian B.)

The FDA vs Raw Milk and the Constitution (Hat Tip: Brian B.)

America’s Leading Export: Inflation (Hat Tip: Brian B.)

IMF: US Ready to Back Bigger EU Stability Fund: Official – CNBC (Hat Tip: Brian B.)

Holidays about survival as jobless benefits end (Hat Tip: Brian B.)

Fun new climate change solution: Let’s impose rationing on the developed world (Hat Tip: Brian B.)

FAIL: House May Block Food Safety Bill Because Senate Dems Included Tax Provisions Which According to Constitutional Provisions Must Originate in House… (Hat Tip: Brian B.)

Cap-and-Trade Market Spanning North America Weighed by States (Hat Tip: Brian B.)

Repeal to Top Boehner’s List in Meeting with GOP Governors (Hat Tip: Brian B.)

S. 510; A Roadmap To The UN’s Codex Alimentarius (Hat Tip: Brian B.)

Soros’ Hedgefund Bought Buys 897,813 of Monsanto Food/Seed Shares, Equal Now To $312.6 Million (Hat Tip: Jean Stoner)

Bank of America Becoming Bank of Asia as Revenue Increases 30% (Hat Tip: Brian B.)

CHINA BLOWS UP US CARRIER GROUP in Video at This Year’s Air Show

The Fed Spent $350 Billion Bailing Out Foreign Banks

U.S. ready to back bigger EU stability fund-official (US Taxpayers to Bail Out Europe) (Hat Tip: Jean Stoner)

You’ve Got To Restructure The Eurozone Now, Before The Radicals Take Hold

Bill Gross: The US Is Choosing “Easy Street” And “Charles Ponzi” Over Competition

SHOCK: The Fed Loans Trillions To Foreign Banks (Hat Tip: Brian B.)

Federal Reserve’s ‘astounding’ report: We loaned banks trillions (Hat Tip: Jean Stoner)

Fed Papers Show Breadth of Emergency Measures [Federal Reserve] (Hat Tip: Jean Stoner)

33 Dems vote against Pelosi tax-hike procedural stunt; Boehner on Pelosi move: “Chicken crap”

Sessions on DREAM Act: “Now is not the time”

Well, well, well: Lib columnist discovers unemployed “gaming” jobless benefits

Reminder: Big Labor + Big Nanny = Mrs. O’s government nutrition bill

SEIU 1199: Um, we lied to our members about Obamacare woes

Climate Change in the House: Republicans to Axe Pelosi’s Global Warming Committee

Fed spent $350+ billion bailing out foreign banks during crisis (unreal) (Hat Tip: Jean Stoner)

New FCC plan to oversee Internet draws GOP fire (Hat Tip: Jean Stoner)

Off to a Bad Start (Hat Tip: Jean Stoner)

EMP: Death of America in the Blink of an Eye (Hat Tip: Jean Stoner)

Are The Banks Insolvent? Fair Question, Given This…. (Hat Tip: Jean Stoner)

Debt = Money, Money = Debt

How Much Did Taxpayers Pay for Andy Griffith to Promote ObamaCare?

Job-Seeking Beck Caller Encounters Flood of Support

Fed reveals global extent of its backing (Hat Tip: Jean Stoner)

Tighter food supplies, high prices to persist (Hat Tip: Jean Stoner)

The road to a US insolvency crisis (The Fed is bringing us closer to that day) (Hat Tip: Jean Stoner)

Dems Roll Out Dream Act No. 5 (Hat Tip: Jean Stoner)

UN Proposal to Prosecute the U.S. for “Ecocide” (Hat Tip: Jean Stoner)

Hands Off Our Net (Hat Tip: Jean Stoner)

Deficit Plan Proves Offensive to All, Leaders Admit, but Plan Gets Some Support

FCC’s ‘Net Neutrality’ Plan Would Permit Super-tiers, Network Traffic Throttling (Hat Tip: Jean Stoner)

Lame Duck Threat to Bailout Union Pensions (Hat Tip: Jean Stoner)

Fake gold scam hits Hong Kong goldsmiths (Hat Tip: Jean Stoner)

The Cartel: Where Are Our Education Dollars Going?

Senate Republicans Set to Bargain Away Our National Security

DHS Inspector General: FEMA Improperly Awarded Fire Grant to ACORN

The Political Theater of the Expiring Bush Tax Cuts and the Street Mob

Forget Earmarks, FEMA Declarations Show Federalization Run Amok

King: Has CBO Scored DREAM Act as a $20 Billion Giveaway to Illegal Aliens? (Hat Tip: Jean Stoner)

How To Treat Main Problem Of Gov’t Bloat (Hat Tip: Jean Stoner)


Those pesky derivatives again: The Next Shoe To Drop: European Insurance Companies – Assicurazioni Generali CDS Explodes.

US Ready to Back Bigger EU Stability Fund: Official.

EU Outlines Bond Restructuring Plan

EU rescue costs start to threaten Germany itself. “The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union.”

Mounting calls for ‘nuclear response’ to save monetary union.

The mini face of foreclosure. Oh and speaking of mini houses: Tiny house movement thrives amid real estate bust.

Theft of nickel from city warehouse has international implications

The US Economy: Stand By For Worse News

The Madness Of A Lost Society

Nine Shocking Examples Of Black Friday Violence: Is This A Foretaste Of The Economic Riots We Can Expect When The Financial System Collapse?

Global Debt Crisis Implosions, Use Gold And Silver To Protect From The Big One, Coming Soon

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