World-News

Kevin G. Hall, McClatchy Newspapers: 'Congress is playing a game of 'chicken' with the nation s finances, and the U.S. economy is at stake, with an Aug. 2 deadline. The gross federal debt hit $14.3 trillion on May 16. That's as high as the law allows. Unless Congress raises the legal ceiling to permit more federal borrowing, a financial disaster is all too possible.'

http://truthout.org/defaulting-us-debt-dangerous-even-consider-say-experts/1306594040



Cheat Sheet on Bank Investigations and the Probes That Have Petered Out

Marian Wang, ProPublica: 'As we and many others have noted, no top banking executives have been successfully prosecuted in connection with the financial crisis: not for making the bad loans that fed the mortgage machine, not for lying about the quality of the mortgages, and not forforeclosing improperly when homeowners struggled to make loan payments. But there have been many investigations. Some are still pending, others seem to have fallen by the wayside. Here s our overview of what the banks have been accused of doing at each stage of the mortgage machine.'

http://truthout.org/cheat-sheet-bank-investigations-and-probes-have-petered-out/1306604876



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=U.S.+economy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=federal+borrowing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclos
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=homeowner
http://freepage.twoday.net/search?q=Kevin+G.+Hall
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Marian+Wang
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