Friday, April 27, 2012
Germany Rejects Spain Banks Tapping Bailout Fund, Meister Says
http://www.bloomberg.com/news/2012-04-27/germany-rejects-spain-banks-tapping-bailout-fund-meister-says.html
Spanish Economy Crumbles: Unemployment Nearly 25%
http://www.zerohedge.com/news/spanish-economy-crumbles-unemployment-nearly-25
Spain’s Unemployment Rate Rises to Highest in 18 Years
http://www.bloomberg.com/news/2012-04-27/spain-s-unemployment-rate-rises-to-highest-in-18-years.html
Spain to Seek Foreign Investors to Offload Bank Property
Spain, Italy Bonds Drop on Spanish Rating Cut; Bunds Rise
Spain Cut by S&P for 2nd Time This Year on Banks, Economy
IMF Reports on Spanish Banks
By: Ian_R_Campbell
http://www.marketoracle.co.uk/Article34346.html
Financial Tsunami Alert: Send in the Bond Squad
By: Ty_Andros
http://www.marketoracle.co.uk/Article34347.html
IMF warns that Europe's crisis could undo Asia
By: David Uren, Economics editor
http://www.theaustralian.com.au/business/imf-warns-that-europes-crisis-could-undo-asia/story-e6frg8zx-1226341176671
S&P Exec: Spanish Banks May Need State Aid
Reuters
http://www.foxbusiness.com/markets/2012/04/27/sp-exec-spanish-banks-may-need-state-aid/
Spain Facing 'Crisis of Huge Proportions'
Reuters
http://www.foxbusiness.com/markets/2012/04/27/spain-spiraling-into-greece-territory/
Spanish economy in "huge crisis" after credit downgrade
http://profit.ndtv.com/News/Article/spanish-economy-in-huge-crisis-after-credit-downgrade-303004
I'm a Thinkinking that Next Weeks NFP Report is going to be another "DISAPPOINTMENT"!!!!!!!
Big GDP Miss: 2.2% Vs Expectations Of 2.5%, Composition Even Uglier
http://www.zerohedge.com/news/big-gdp-miss-22-vs-expectations-25
"*****It takes $2.52 in new debt to increase $1 of GDP*****"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Chart Of The Day: Change In Q1 American Debt And GDP
Presented without much commentary, because little is necessary: the only ratio that matters for the US economy, the change in US public debt ($359.1 billion) and US GDP ($142.4) in the first quarter, hit 2.52x and rising.It takes $2.52 in new debt to increase $1 of GDP.
http://www.zerohedge.com/news/chart-day-change-q1-american-debt-and-gdp
A Complete Breakdown Of US GDP Growth In One Simple Chart
By Sam Ro
http://www.businessinsider.com/scott-barber-gdp-growth-contributions-chart-2012-4
US GDP MISSES EXPECTATIONS—GROWS 2.2%
By Eric Platt
http://www.businessinsider.com/q1-gdp-2012-4
Economy in U.S. Grew Less Than Forecast in First Quarter
http://www.bloomberg.com/news/2012-04-27/economy-in-u-s-expands-at-2-2-annual-rate-less-than-forecast.html
Back in 1979 my First class in Economics my Professor use to talk about the "Invisible Hand of Government"...............OMG has TIME Changed that Concept!!!!!!!!!!!!!!!!
Jim Grant On The Monetary Priesthood's "Atlas Complex"
http://www.zerohedge.com/news/jim-grant-monetary-priesthoods-atlas-complex
Jim Grant
http://www.therealnewsmatters.com/search?q=Jim+Grant
Thursday, April 26, 2012
Bill Gross On Europe's Dysfunction And US Double-Dips
PIMCO's Bill Gross spent a longer-than-soundbite period discussing QE3, the chance of a US double-dip, and Europe's ongoing dysfunction with Trish Regan on Bloomberg Television this afternoon
http://www.zerohedge.com/news/bill-gross-europes-dysfunction-and-us-double-dips
Slower China economy a worry for Western firms
By Scott Malone and Tom Bergin
(Reuters) - As China's economy cools, some big U.S. and European companies are losing what had been one of their surest growth bets.
http://www.reuters.com/article/2012/04/26/us-corporate-china-idUSBRE83P1IR20120426
Social Security Has A Real Problem
By Lance Roberts of Street Talk Live
http://www.zerohedge.com/news/guest-post-social-security-has-real-problem
Freeing Boomers From Social Security Cuts Blows Up Math
By Brian Falerhttp://www.businessweek.com/news/2012-04-26/freeing-boomers-from-social-security-cuts-blows-up-math
Social Security is a Ponzi scheme
By Judge Andrew P. Napolitano
http://www.foxnews.com/opinion/2012/04/26/social-security-iisi-ponzi-scheme/
Congress cannot afford to punt on Social Security
http://thehill.com/blogs/congress-blog/economy-a-budget/223761-congress-cannot-afford-to-punt-on-social-security
EPA Official's 'Philosophy' On Oil Companies: 'Crucify Them' - Just As Romans Crucified Conquered Citizens
By Craig Bannister
http://cnsnews.com/blog/craig-bannister/epa-officials-philosophy-oil-companies-crucify-them-just-romans-crucified
EPA Official on Non-Compliant Companies: ‘Hit Them as Hard as You Can’ & ‘Make Examples Out of Them,’ Cites Crucifixion
http://www.theblaze.com/stories/epa-official-on-non-compliant-companies-hit-them-as-hard-as-you-can%E2%80%99-make-examples-out-of-them/
EPA Official: We’re “Crucifying” Oil And Gas Companies…
http://weaselzippers.us/2012/04/25/epa-official-were-crucifying-oil-and-gas-companies/
Salazar: 'No one knows' if US headed to $9/gal gas
ByJoel Gehrke
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/salazar-no-one-knows-if-us-headed-9gal-gas/499451
"If I wanted America to fail"
http://www.therealnewsmatters.com/2012/04/if-i-wanted-america-to-fail-httpwww.html
Morgan Stanley Downgrade May Hurt Debt Unit, Hintz Says
By Christine Harper and Michael J. Moorehttp://www.businessweek.com/news/2012-04-26/morgan-stanley-downgrade-may-hurt-debt-unit-hintz-says
S&P Cuts Spain to BBB+, Outlook Negative
Adding insult to Bayern Munich injury, we just got S&P which did the impossible and cut Spain to BBB+ from A (outlook negative) not on Friday after hours. Kneejerk reaction is a 30 pip drop in EURUSD. Oh, and most amusing, those witches among men, Egan Jones, downgraded Spain from BBB to BBB-.... a week ago.
http://www.zerohedge.com/news/spain-cuts-spain-bbb-outlook-negative
S&P DOWNGRADES SPAIN
By Joe Weisenthal
FULL TEXT from S&P
http://www.businessinsider.com/sp-downgrades-spain-2012-4
S&P Downgrades Spain Amid Growing Risks Over Government Debt
By Steven Russolillo
After the bell, S&P downgraded Spain’s long-term credit rating to ‘BBB+’ from ‘A.’ While certainly not a surprise, the timing was a bit unexpected. The euro fell after the downgrade, and was recently at $1.3207.In February, Moody’s cut Spain’s credit rating to A3 from A1, saying that the “country’s challenging fiscal outlook is being exacerbated by the larger-than-expected fiscal slippage in 2011, mainly on account of budget overshoots by Spain’s regional governments.”
http://blogs.wsj.com/marketbeat/2012/04/26/sp-downgrades-spain-amid-growing-risks-over-government-debt/
Northwestern Mutual Research Indicates Many Are Financially Unprepared to Live Beyond Average Life Expectancies
MILWAUKEE, April 25, 2012 /PRNewswire/ -- Northwestern Mutual released today the Longevity & Preparedness Study that reveals Americans appear to be startlingly unprepared financially to live into their 70s, 80s and 90s. The study is the second in a series of research exploring the state of planning in America.
http://media.northwesternmutual.com/article_display.cfm?article_id=1342
http://www.northwesternmutual.com/learning-center/studies-and-reports/Documents/planning_progress.pdf
http://www.northwesternmutual.com/learning-center/studies-and-reports/Documents/planning_infographic.pdf
45% Of Americans Will Probably Run Out Of Money By Their 75th Birthday
By Jana Kasperkevic
http://www.businessinsider.com/outliving-your-savings-in-retirement-northwestern-study-2012-4
12 Things You Need To Worry About In Europe Right Now
By Simone Foxman
http://www.businessinsider.com/13-things-you-need-to-worry-about-in-europe-right-now-2012-4?op=1
BULLISH SENTIMENT AT LOWEST LEVEL SINCE LAST SEPTEMBER
By Charles Rotblut, CFA, AAII
http://pragcap.com/bullish-sentiment-at-lowest-level-since-last-september
France's election
The rather dangerous Monsieur Hollande
The Socialist who is likely to be the next French president would be bad for his country and Europe
http://www.economist.com/node/21553446
22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets
By Michael Snyder
http://world.hawaiinewsdaily.com/2012/04/22-red-flags-that-indicate-that-very-serious-doom-is-coming-for-global-financial-markets/
Slovenian Banks’ Ratings Cut by Moody’s as Asset Quality Worsens
http://www.therealnewsmatters.com/2012/04/big-banks-still-dragging-s-lower-by-tom.html
Peak Dow, Peak GDP And Peak Oil
By Charles Hugh Smith from Of Two Minds
http://www.zerohedge.com/news/guest-post-peak-dow-peak-gdp-and-peak-oil
Slovenian Banks’ Ratings Cut by Moody’s as Asset Quality Worsens
By Boris Cernihttp://www.businessweek.com/news/2012-04-25/slovenian-banks-ratings-cut-by-moody-s-as-asset-quality-worsens
Slovenia anticipated rate cuts -finance minster
By LJUBLJANA
(Reuters) - Moody's downgrade of Slovenia's three largest banks was "somewhat expected" but their ratings should improve once planned capital hikes are completed, Finance Minister Janez Sustersic said on Thursday.
http://www.reuters.com/article/2012/04/26/slovenia-banks-idUSL6E8FQ6Y620120426
Big Banks Still Dragging S&P Lower
By Tom Aspray
http://www.forbes.com/sites/tomaspray/2012/04/26/big-banks-still-dragging-sp-lower/?partner=yahootix
Evercore Profit Falls 62% as Investment Banking Costs Rise
http://www.bloomberg.com/news/2012-04-26/evercore-profit-falls-62-as-investment-banking-expenses-rise.html
EU Weighs Basel Reprieve for Banks If U.S Rivals Avoid Rules
http://www.bloomberg.com/news/2012-04-26/eu-weighs-basel-reprieve-for-banks-if-u-s-rivals-escape-rules.html
Deutsche Bank Sees April Slowdown as Profit Falls 33%
http://www.bloomberg.com/news/2012-04-26/deutsche-bank-profit-drops-as-debt-crisis-curbs-trading.html
Italian and Spanish BANKS are Totally SCREWED as Bond Yields continue to RISE!!!!!!!!
Italy Borrowing Costs Rise at Auction on Crisis Concerns
http://www.bloomberg.com/news/2012-04-26/italy-borrowing-costs-rise-at-auction-on-crisis-concerns.html
And Don't Forget about Ireland and their BANKS!!!!!!!!!!!!
Ireland’s Noonan Says Will Cut Growth Forecast by Almost Half
http://www.bloomberg.com/news/2012-04-26/ireland-s-noonan-says-will-cut-growth-forecast-by-almost-half.html
Chris Whalen KNOWS BANKS!!!!!!!!!!!
Chris Whalen’s View of Economic Hell
http://www.therealnewsmatters.com/search?q=Chris+Whalen
ROBERT SHILLER: THERE’S MORE DOWNSIDE IN HOUSING PRICES
By Cullen Roche
http://pragcap.com/robert-shiller-theres-more-downside-in-housing-prices
54 Percent of U.S. Metros Post Quarterly Increase in Foreclosure Activity in First Quarter
By RealtyTrac Staff
IRVINE, Calif. – April 26, 2012 – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Q1 2012 Metropolitan Foreclosure Market Report, which shows first quarter foreclosure activity increased from the previous quarter in 114 out of the nation’s 212 metropolitan areas with a population of 200,000 or more.
http://www.realtytrac.com/content/foreclosure-market-report/foreclosure-trends--metro-foreclosure-activity-in-q1-2012-7167
RealtyTrac: Foreclosure activity mixed in Q1
From RealtyTrac: 54 Percent of U.S. Metros Post Quarterly Increase in Foreclosure Activity in First Quarter of 2012First quarter foreclosure activity increased from the previous quarter in 26 out of the nation’s 50 largest metro areas, led by Pittsburgh (up 49 percent), Indianapolis (up 37 percent), Philadelphia (up 30 percent), New York (up 24 percent), Raleigh, N.C. (up 23 percent), and Virginia Beach, Va. (up 22 percent).
http://www.calculatedriskblog.com/2012/04/realtytrac-foreclosure-activity-mixed.html
20 American Cities That Are Getting Crushed By Foreclosures
http://www.therealnewsmatters.com/2012/04/world-has-little-use-for-suburban.html
Manufacturing In The Midwest MISSES EXPECTATIONS, Index Falls To 3
By Eric Platt
http://www.businessinsider.com/kansas-city-fed-manufacturing-2012-4
Kansas City Fed’s Manufacturing Survey for April (Text)
By Alex Tanzihttp://www.businessweek.com/news/2012-04-26/kansas-city-fed-s-manufacturing-survey-for-april-text
Kansas City Fed April Manufacturing Composite Index Weakens To 3
http://www.4-traders.com/news/Kansas-City-Fed-April-Manufacturing-Composite-Index-Weakens-To-3--14298549/
DISASTER: EMPIRE FED MANUFACTURING REPORT PLUNGES TO 6.56
http://www.therealnewsmatters.com/search?q=Empire+Report
Philly Fed Report
http://www.therealnewsmatters.com/search?q=Philly+Fed+Report
The Bailout Of The US Postal Service Begins: Cost To Taxpayers - $110,000 Per Union Vote "Saved Or Gained"
http://www.zerohedge.com/news/bailout-postal-service-begins-cost-taxpayers-110000-vote-saved-or-gained
Senate votes to slow closing of post offices
AP
http://news.yahoo.com/senate-votes-slow-closing-post-offices-210018033.html
""The USPS Is About To Go Out Like The Pony Express""
NO Viable Business Plan "$$$$Billions in Unfunded Liabilities" and Losing $$$$BILLIONS in Current Operations. Just another Classic "BIG Government" Trainwreck brought to you be the FOOLS America continues to Send to Washington
America's postal service
The way of the Pony Express?
http://www.economist.com/blogs/democracyinamerica/2012/04/americas-postal-service
Mark Grant WARNS Again!!!!!!!!
By
Simone Meier
Translating "Growth" Into European
By Mark J. Grant
http://www.zerohedge.com/news/translating-growth-european
Euro-Area Economic Confidence Drops More Than Forecast
http://www.bloomberg.com/news/2012-04-26/euro-area-april-economic-confidence-drops-more-than-forecast-1-.html
European Confidence Tumbles To November 2009 Levels, Euro-Wide Double Dip Inevitable
http://www.zerohedge.com/news/european-confidence-tumbles-november-2009-levels-euro-wide-double-dip-inevitable
Mark Grant
http://www.therealnewsmatters.com/search?q=Mark+Grant
GARY SHILLING: This Is What Will Tip The Economy Into Recession
By Mamta Badkar
http://www.businessinsider.com/gary-shilling-us-economy-overdue-recession-2012-4
Fed sees more growth? Don't count on it. Recession ahead.
Despite the Federal Reserve's brighter outlook for the economy, consumers won't spend enough to keep the US from sliding into a moderate recession this year.
By A. Gary Shilling,http://www.csmonitor.com/Business/new-economy/2012/0425/Fed-sees-more-growth-Don-t-count-on-it.-Recession-ahead
Gary Shilling.........aka "PaPa BEAR"!!!
http://www.therealnewsmatters.com/search?q=Gary+Shilling
The World Has Little Use For A Suburban American Single Family Home Priced Over $250K
By Gregor MacDonald, Gregor.us
http://www.businessinsider.com/american-houses-and-the-oil-denominator-2012-4
20 American Cities That Are Getting Crushed By Foreclosures
By Mamta Badkar
http://www.businessinsider.com/realtytrac-20-cities-foreclosures-2012-4?op=1
Whitney did warn investors away from regional banks, which have attracted attention because of their lack of exposure to the European sovereign debt crisis. She said some of the solid earnings reports this quarter are attributable to one-time loan-loss provisions that won't be repeated in subsequent quarters.
"The
big banks are kind of zombie-like, treading along, not that
interesting," she said. "Some of the regional banks, some of the large
regional banks is where the real action is on the downside."
No Recovery Here
http://www.therealnewsmatters.com/search?q=No+Recovery+Here
Housing Depression
http://www.therealnewsmatters.com/search?q=Housing+Depression
Robert Shiller
http://www.therealnewsmatters.com/search?q=Robert+Shiller
Jobless Claims Stay Elevated as Labor Market Gains Stall
Reuters
http://www.cnbc.com/id/47186701
House Dem: Unemployed Will Vote For Obama To Keep "Their Benefits"
http://www.realclearpolitics.com/video/2012/04/25/house_dem_unemployed_will_vote_for_obama_to_keep_their_benefits.html
The REAL Reason Investors Should Be Worried This Morning
By Joe Weisenthal
http://www.businessinsider.com/a-quick-reminder-one-of-our-favorite-indicators-says-stocks-are-heading-down-2012-4
Just As Predicted, Initial Claims Miss Huge, Yet Magically Improve
http://www.zerohedge.com/news/just-predicted-initial-claims-miss-huge-yet-magically-improve
Here's The Ominous Jobless Claims Chart That Scares The Crap Out Of Everyone
By Sam Ro
http://www.businessinsider.com/kleintop-jobless-claims-26-2012-4
America, "Liquidity" "IS" not a Solution for "Solvency". EUROPE for the most part "IS" Broke and you better believe this, The Worse has yet to COME!!!!!!!!!!!
The ECB holds about a trillion euros of worthless assets and it grows
by the day, while the European Investment Bank is preparing for a
return to the drachma - claims Godfrey Bloom MEP
LTRO #Fail 2: European Credit Supply And Demand Fading Fast
http://www.zerohedge.com/news/ltro-fail-2-european-credit-supply-and-demand-fading-fast
The ECB holds about a trillion euros of worthless assets and it grows
by the day, while the European Investment Bank is preparing for a
return to the drachma - claims Godfrey Bloom MEP
The
mightiest dam's collapse will start with hairline cracks, almost
invisible to the naked eye. The great euro dam started to crack five
years ago when sovereign bond spreads started to expand albeit by only a
few basis points. We now see the spreads have moved to several full
percentage points. This, of course, tells even the most obtuse of tribal
economists we are now in the end game.
http://www.therealnewsmatters.com/2012/04/1-industry-to-greek-economy-is-tourism.html
Hollande Vows Not to Ratify Euro Pact, Auguring Merkel Clash
France's Hollande to renegotiate European treaty
http://www.therealnewsmatters.com/2012/04/hollande-vows-not-to-ratify-euro-pact.html
Whitney did warn investors away from regional
banks, which have attracted attention because of their lack of exposure
to the European sovereign debt crisis. She said some of the solid earnings reports this
quarter are attributable to one-time loan-loss provisions that won't be
repeated in subsequent quarters.
"The
big banks are kind of zombie-like, treading along, not that
interesting," she said. "Some of the regional banks, some of the large
regional banks is where the real action is on the downside."
Whitney 'Wildly Bullish' on Certain US Markets, But...
By: Jeff Cox
http://www.cnbc.com/id/47177696
Wednesday, April 25, 2012
Those of you in the American "Middle Class" Should be VERY Afraid at what is Coming at you thanks to Washington and the "NEW Normal"!!!!!!!!!!!!!!!!
Peak Housing, Peak Fraud, Peak Suburbia And Peak Property Taxes
By Charles Hugh-Smith of Of Two Minds blog
http://www.zerohedge.com/news/guest-post-peak-housing-peak-fraud-peak-suburbia-and-peak-property-taxes
The #1 Industry to the Greek Economy IS Tourism and if European Vacations Exclude Greece this Summer, The Greek Economy Will Collapse come Labor Day!!!!!!!!!!!
Slowdown in Europe: The worst is yet to come,
says IMF report
Shyam Bhatia in London
http://www.tribuneindia.com/2012/20120421/main5.htm
The ECB holds about a trillion euros of worthless assets and it grows
by the day, while the European Investment Bank is preparing for a
return to the drachma - claims Godfrey Bloom MEP
The
mightiest dam's collapse will start with hairline cracks, almost
invisible to the naked eye. The great euro dam started to crack five
years ago when sovereign bond spreads started to expand albeit by only a
few basis points. We now see the spreads have moved to several full
percentage points. This, of course, tells even the most obtuse of tribal
economists we are now in the end game.
http://www.publicserviceeurope.com/article/1835/eu-already-planning-greek-withdrawal-from-the-euro
Greek conservative rebel battles German "domination"
By Harry Papachristou,Reuters
http://au.news.yahoo.com/world/a/-/world/13504498/greek-conservative-rebel-battles-german-domination/
GREECE "WILL" Leave the EUROZONE and next Month's Elections WILL set the Stage for their Exit!!!!!!!!!!!!!! HELL "IS" Coming to EUROPE as the "2012 Recession" is about to TURN REAL Ugly
Greek Economy tanks more than expected
http://macedoniaonline.eu/content/view/20869/46/
Greek Economy to Shrink 5 pct, Rforms to Accelerate in 2012: Central Banker
http://english.cri.cn/6826/2012/04/24/2561s695294.htm
Greece Will Bail Out Its Banks, But Not Its People
http://greece.greekreporter.com/2012/04/24/greece-will-bail-out-its-banks-but-not-its-people/
Greek anger keeps German tourists away
By Erik Kirschbaum
http://www.reuters.com/article/2012/04/25/us-greece-election-germans-idUSBRE83O0WU20120425
There Goes Greek GDP: Nazional Lampoons Greek Vacation Just Got Cancelled
http://www.zerohedge.com/news/there-goes-greek-gdp-nazional-lampoons-greek-vacation-just-got-cancelled
Greek central bank chief warns of euro exit
http://www.therealnewsmatters.com/2012/04/greek-central-bank-chief-warns-of-euro.html
Hollande Vows Not to Ratify Euro Pact, Auguring Merkel Clash
http://www.bloomberg.com/news/2012-04-25/hollande-says-france-won-t-ratify-euro-fiscal-pact-as-it-stands.html
France's Hollande to renegotiate European treaty
http://www.3news.co.nz/Frances-Hollande-to-renegotiate-European-treaty/tabid/417/articleID/251868/Default.aspxHollande wants new economic treaty
http://news.uk.msn.com/world/hollande-wants-new-economic-treatyHollande Aims at Merkel in Escalating Debt-Crisis Critique
This Is The UK's Weakest Recovery In 100 Years
IMF encourages Europe's economic suicide
China, Japan, America, the oil powers, and the rising economies of Latin America had a chance to pull Europe back from suicide through IMF pressure, but the world dropped the ball.
http://www.therealnewsmatters.com/2012/04/this-is-uks-weakest-recovery-in-100.html
Greek central bank chief warns of euro exit
http://www.therealnewsmatters.com/2012/04/greek-central-bank-chief-warns-of-euro.html
ECB's Draghi throws crisis ball back to governments
http://www.therealnewsmatters.com/2012/04/ecbs-draghi-throws-crisis-ball-back-to.html
A Sea Change Is Suddenly Taking Place In Europe
Austerity backlash a euro zone threat
http://www.therealnewsmatters.com/2012/04/sea-change-is-suddenly-taking-place-in.html
Nearly 4 Years since TARP and the American Taxpayer is still be SCREWED by the BANKS that took the Money!!!!!!!!!!!!!!!!!!!
There is still more than $132 BILLION Dollars that hasn't been Paid Back and TAXPAYERS WILL PAY Interest on this Outstanding DEBT to Countries like "CHINA" till your Great Grandchildren are "OLD and GRAY"

http://www.sigtarp.gov/frate2abAt2a/tre9uPrUvAst.pdf
There is still more than $132 BILLION Dollars that hasn't been Paid Back and TAXPAYERS WILL PAY Interest on this Outstanding DEBT to Countries like "CHINA" till your Great Grandchildren are "OLD and GRAY"
http://www.sigtarp.gov/frate2abAt2a/tre9uPrUvAst.pdf
Tarp Overseer Debunks Bailout Myths: Big Companies HAVEN’T Repaid Tarp Funds … And Funds to Help Homeowners HAVEN’T Been Paid
By George Washington
http://www.zerohedge.com/contributed/2012-17-25/tarp-overseer-debunks-bailout-myths-big-companies-haven%E2%80%99t-repaid-tarp-funds-%E2%80%A6
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