Saturday, 24 July 2010


Goldman Sachs Names European Banks It Paid Amid AIG’s U.S.-Funded Bailout
Goldman Sachs Group Inc. said it made payments to banks including Germany’s DZ Bank AG and Banco Santander SA of Spain for mortgage-related losses as it received U.S. taxpayer funds through theAmerican International Group Inc. bailout in 2008.

China Calls Our Bluff: “The US is Insolvent and Faces Bankruptcy as a Pure Debtor Nation but [U.S.] Rating Agencies Still Give it High Rankings”
Shadow Banking Makes a Comeback
Obama Budget Office Forecasts $1.47 Trillion Deficit This Year
Democrats mull taxes for higher earners
Financial Services Hearing July 22 2010


CNN Anchors Call For Crackdown on Bloggers
Anchors Kyra Phillips and John Roberts discussed the “mixed blessing of the internet,” and agreed that there should be a crackdown on anonymous bloggers who disparage others on the internet.

Study: Journalists Starting To Accept The Fact That Their Print Publications Will Eventually Fold
Half of journalists think the print publications (or TV/radio stations) they work for will eventually fold