Bank Not Responsible for Letting Hackers Steal $300,000 From Customer

- Bank Not Responsible for Letting Hackers Steal $300K From Customer (Wired, June 7, 2011): A judge in Maine has ruled that a bank that allowed hackers to steal more than $300,000 from a customer’s online account isn’t responsible for the lost money, saying the customer should have done more to protect the account credentials. [...] continue reading world news

Greece: Biggest Protest Yet – Tens Of Thousands Protest Against Greek Austerity, Ask: ‘Thieves, Thieves … Where Did Our Money Go?’

- Tens of thousands protest outside Greek parliament (BusinessWeek) - ECB: Having state property means Greece is solvent (Newsday) - Greeks stage huge Athens rally against austerity cuts (BBC News) - Greece For Sale (NPR) - Thousands rally against Greece’s austerity plans (AFP) - Thousands protest against Greek austerity (Financial Times): Thousands of Greeks protested [...] continue reading world news

The Real ‘Margin’ Threat: $600 TRILLION In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral Scramble That Could Send US Treasurys To All Time Records…

- The Real “Margin” Threat: $600 Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral Scramble That Could Send US Treasurys To All Time Records… (ZeroHedge, June 6, 2011) continue reading world news

China Dumps 97% Of Its Holdings In US Treasury Bills

The greatest financial collapse in world history is near. This is the ‘Greatest Depression’. - Recovery! US Has To Create Only 250K Jobs A Month For 66 Months To Return To December 2007 Unemployment By End Of Obama’s Second Term - Presenting The Fed’s Slogan: ‘Making It Harder To Feed Your Family For 98 Years [...] continue reading world news

WIKILEAKS: US Fought To Lower Minimum Wage In Haiti So Hanes And Levis Would Stay Cheap

Obama fighting for slave labor in Haiti. - WIKILEAKS: US Fought To Lower Minimum Wage In Haiti So Hanes And Levis Would Stay Cheap (Business Insider, June 3, 2011): A Wikileaks post published on The Nation shows that the Obama Administration fought to keep Haitian wages at 31 cents an hour. (This article was taken [...] continue reading world news

Moody’s Downgrades Greek Credit Rating AGAIN, Credit Default Swaps Jump

Don’t miss: - Postcards From Greece! The cost of insuring Greek debt rose on Thursday morning after the debt-laden country suffered another credit-rating downgrade. The three-notch-downgrade takes Greece from B1 to Caa1, giving the country a worse credit rating that Montenegro. On Wednesday night Moody’s dealt another blow to Greece with a further downgrade that [...] continue reading world news

Mark Mobius: Another Financial Crisis Inevitable – Total Value Of Derivatives Exceeds World GDP By Factor 10

- Another Crisis ‘Around The Corner’: Mobius (Bloomberg, May 30, 2011): Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved. “There is definitely going to be another financial crisis around the corner because we haven’t solved any [...] continue reading world news