Those pesky derivatives: Wall Street Journal says Comex has been classified as ‘too big to fail’. (“Taxpayers Now Stand Behind Derivatives Clearinghouses.”)
More About Banksters and Derivatives: Taxpayer Supported Gambling
How Crumbling U.S. Dollars Bailed Out Zimbabwe. (Thanks to Gregg P. for the link.)
Adam Brown of Forbes reports: European Crisis: A Greek Exit Would Only Be The Start, Not The End
Spain: Five banks downgraded, Bankia seeks 19 billion euros in aid. (Thanks to B.B. for the link.)
Items from The Economatrix:
Turn Out The Lights: The Largest US Cities are Becoming Cesspools of Filth, Decay, and Wretchedness