Financial News Update – 11/20/10

How to Cut a TRILLION DOLLARS from Fed Budget in 3 years (Entitlements NOT included) (Hat Tip: Jean Stoner)

What GM’s New IPO Really Means For American Taxpayers (Hat Tip: Brian B.)

Your PC, supportive IRS at work

U.S. in Vast Insider Trading Probe (Hat Tip: Bix Weir)

Elite Eye on Africa

Our Man Chuck Says Stocks Are at Cliff’s Edge

China: US Has ‘Cold War Mentality’ About Yuan

Victory on H.R. 3808 Vote – So, Who is Who and What is What (Hat Tip: Jean Stoner)

SocGen Explains The Entire State Of The World Economy In 11 Charts

CHART OF THE DAY: Actually, Asian Currencies Are Appreciating At Record Speed

These Are The 15 Housing Markets That Will Get Crushed The Hardest By 2012

Bernanke May Have Just Incited Congress To Call China A Currency Manipulator

12 Infuriating Facts About How Much Federal Employees Make

5 Reasons Why The Stock Market Is Vulnerable Right Now

New Michigan Governor Says HUNDREDS Of Municipalities Could Go Bankrupt In Next Four Years

“The Bloodbath Will Be Extraordinary” When The Debt Ceiling Comes Up For A Vote

Citi: Bernanke’s Speech Made It Clear Why You Should Sell The Dollar Right Now

McConnell and 32 Republicans file brief on repealing health reform (Hat Tip: Brian B.)

December 7 Is The Unofficial Pan-European Bank Mutiny Day (Hat Tip: Brian B.)

Governor Warns Cities May Go Bankrupt (Hat Tip: Brian B.)

Hamtramck’s Chapter 9 woes: The top 5 municipal bankruptcy stories (Hat Tip: Brian B.)

The American Way of Life, As Things Fell Apart, Nobody Paid Much Attention (Hat Tip: Brian B.)

Senate Approves $4.6B for Black Farmers, Indians (Hat Tip: Jean Stoner) Welcome to Pigford II and the revisiting of Shirley Sherrod… This is enforced wealth redistribution – ala Van Jones…

FCC may regulate Internet lines days before Christmas (Hat Tip: Brian B.)

Are Expert Networks About To Be Exposed As The Ringleader In The Biggest Insider Trading Bust In History? (Hat Tip: Brian B.)

Ireland bailout: the European politicians who will decide (Hat Tip: Jean Stoner)

economic fall-out (Ireland) (Hat Tip: Jean Stoner)

Debt commission co-chairman predicts ‘bloodbath’ (Hat Tip: Brian B.)

Geithner Warns Republicans Against Politicizing the Fed

European Stocks Drop for Second Week on Irish Debt, China Economic Cooling

FDIC Seeks Lawyer Documents as Federal Suits Loom Against Failed Banks

Dems in disarray over raising taxes

TSA WARNS: SUBMIT OR PAY I’d rather die on my feet, than live on my knees…

Hacker arrested after cracking Federal Reserve

Lame duck Iowa governor OKs $100 million in raises for state workers

Obama Admin Pushed Largest Arms Deal In U.S. History While Congress In Recess

UPDATE: FCC may regulate Internet lines days before Christmas

Passengers Face $11,000 Fine For Refusing TSA Gropings

Debt-Ridden Michigan City Seeks Donations

Tent Cities, Homelessness And Soul-Crushing Despair: The Legacy Of Decades Of Government Debt And Mismanagement Of The Economy


Low-tax states will gain seats, high-tax states will lose them.

The Southern California residential housing crater is not improving.

The First Signs of the Coming Dollar Crash are in Hong Kong.

G20: World Gangs Up On America; The Dollar’s Days As Reserve Currency Are Numbered

Three Big Banks Cutting Deals on Foreclosures

Pension Insurer Reports Wider Annual Deficit

China Assaults US Monetary Easing