Monday, 3 September 2012
By Michael HudsonThe pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Continue
Escalating financial fraud; pump and dump scams; Wall Street banks; auditing fraud; absence of regulation; default or hyperinflation?
Spainish Bank Looses $5 billion in the first half of 2012: Bankia, nationalised by the Spanish government in May, lost 4.448 billion euros in the six months to end-June after provisioning 2.7 billion euros in the second quarter against bad debt and assets.
It starts: first Asian bank mulls British exit from the EU: Japan's biggest bank Nomura has issued an 11-page study evaluating the likelihood that the UK will leave the European Union entirely or partly.
Bernanke: US economy 'far from satisfactory': US Federal Reserve Chairman Ben Bernanke called the US economic situation unsatisfactory but offered no new promises of central bank intervention Friday. But he confirmed that the Fed would move "if economic conditions warrant," as he labeled the labor market stagnation "a grave concern."
Facebook co-founder sells ANOTHER 450,000 shares -: So far, he has shed 1.35 million shares for proceeds of $26.2 million, at prices ranging from $18.79 to $20.08.
U.S. Child Poverty Second Highest Among Developed Nations: Report: Only Romania ranks higher, with 25.5 percent of its children living in poverty, compared with 23.1 percent in the U.S.
Posted by Britannia Radio at 11:17