German Professors Challenge Greek Bailout Legislation, Declare it Unconstitutional

Commentary:Greece should (arrest the Goldman Sachs banksters) default on those bonds that are unpayable and let the stupid investors/banksters eat the losses.Instead the people in Greece and the EU will be presented with the bill, created by corrupt elite criminals.Now Germany is portrayed as not willing to help the people of Greece.The Greek bailout is [...] continue reading world news

Vampire Zombie Needs More Blood - Freddie Mac Seeks More Government Funds, Asks For Additional $10.6 Billion

* Q1 provision for credit losses $5.4 bln* Focused on improving credit quality - CEO* Signs of housing market stabilising - CEO* But expect big rise in distressed sales - CEO WASHINGTON/NEW YORK, May 5 (Reuters) - Freddie Mac, the second-largest provider of U.S. residential mortgage funds, on Wednesday asked for an additional $10.6 billion [...] continue reading world news

Moody’s says very likely to downgrade Portugal’s credit rating

See also:- Elite Puppet Credit Rating Agencies Playing Big Roll In European Debt Crisis* Downgrade now highly likely, review to take 3 months* Still to discuss austerity with government* Moody’s says may cut Portuguese banks’ ratings The historic part of Lisbon, the Portugeuse capital, recreated after an earthquake devastated the City in 1755LISBON/NEW YORK, [...] continue reading world news

Gulf of Mexico Oil Spill: The Halliburton Connection

So Goldman Sachs took a “big short” position on the Gulf around the time when Halliburton completed the final cementing of the oil well and pipe:- Goldman Sachs Shorted Gulf of Mexico The Day Before!:NEW YORK  — In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today [...] continue reading world news

Goldman Sachs Shorted Gulf of Mexico The Day Before!

Goldman Sachs banker Fabrice Tourre is sworn in before testifying to the Senate subcommittee investigating the role of investment banks during the Wall Street financial crisis. (Getty Images)NEW YORK  — In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made “a substantial financial bet against [...] continue reading world news

Greece Accepts Unprecedented Bailout From EU and IMF, ‘Savage’ Cuts

- German Chancellor Angela Merkel Says She Was Right on Greece, Winning ‘Unthinkable’ Cuts (Bloomberg):May 2 (Bloomberg) — German Chancellor Angela Merkel said she was right to demand International Monetary Fund involvement in the Greek bailout over the objections of her European peers, saying it resulted in previously “unthinkable” budget cuts by Greece.“This is an [...] continue reading world news

Warning For Britain As Financial Chaos Spreads to Spain

Spain’s economy was thrown into chaos on Thursday when its credit rating was cut, sharpening fears that Britain may suffer a similar fate.The turmoil came just a day after Greece’s rating was cut, increasing concerns of a Europe-wide financial crisis.The euro fell sharply and the interest rates European governments pay to borrow money jumped after [...] continue reading world news