Financial News Update – 05/02/10

MELTDOWN: Greece Gets $146 Billion Bailout

Largest ever assembled for a country… Junk Bond Sales Set Record

Oil Spill Halts Fishing

Greece Reaches Deal for Rescue Package

Obama bans new energy exploration

Bill Would Expand Government Surveillance of Banking Transactions (Hat Tip: Jean Stoner)

Bailout Bill Would Require Banks to Track and Report Personal Checking Accounts to Feds (Hat Tip: Brian B.)

General Electric CEO Challenged at Stockholder Meeting (Hat Tip: Brian B.)

The Future Of The Global Public Debt Explosion (Hat Tip: Jean Stoner)

Repaying Taxpayers With Their Own Cash (NYTimes Admit Obama/Gm/Treasury faked it) (Hat Tip: Jean Stoner)

California’s Man-Made Drought (Hat Tip: Brian B.)


Credit-rating agencies under fire in Europe crisis. Chad’s comment: “I wondered what the real problem was–is it that credit-rating agencies are skewing the truth or is it that governments are just trying to soft-pedal how bad their self-inflicted financial mess is.”

Riots, Violence Break Out at Greek May Day Rallies.

After the IMF Bails Out Europe, the U.S. May Have to Bail Out the IMF

Greek Debt Crisis Rattles Asian Markets, Sends Oil Price Tumbling

Spain Downgrade Sparks European Sell-off; Greece Bans Short-Selling as Panic Spreads

Is Britain Heading for a Greek Tragedy?

The Death of Goldman Sachs

Greek Crisis Compared to “Ebola Virus”; IMF Warns Problem Could Spread Across Europe

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