REPORT - Greece Holding Emergency Debt Talks

SAN FRANCISCO (MarketWatch) -- Greece's government was meeting over the weekend to assess a new warning that future euro-zone aid will be withheld unless it can bring its unruly budget deficit into line, according to a media report Sunday.  Prime Minister George Papandreou aborted a planned trip to the U.S. this week to preside over emergency meetings in Athens to identify new savings that will convince other euro-zone governments that targets can be met, The Wall Street Journal reported. Without fresh aid, Greece will run out of money by mid-October, the Journal said.

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WATCH LIVE - Geithner On Obama's Deficit Speech

Treasury's Tim Geithner is taking questions now from the White House press room.

Lordly Geithner castigates Europeans - Marketwatch

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Ron Paul WINS Cali GOP Straw Poll, Soros Says Prepare For Euro Break-Up, GOP Hypocrisy On Medicare, War Machine In Panic Mode, Romney Wants War Criminal As VP (LINKS)

• Obama to propose "Buffett Tax" on millionaires
• UBS details rogue trades that lost bank $2.3 billion
• Ron Paul WINS California GOP straw poll
• GOP Hypocrisy On Medicare's Costly Prescription Drug Benefit
• Mitt Romney would like to have a war criminal as his VP
• George Soros - Prepare For Greece, Portugal & Ireland To Leave Eurozone
• Finland puts its foot down - Demands collateral for more euro-zone bailouts
• European leaders still divided on debt crisis - Geithner advice 'brushed off'
• PHOTOS - Mans Sets Himself On Fire In Greece Protest
• Class Action Lawsuit Against JP Morgan Over Silver Price Manipulation
• Panetta's War Machine In PANIC Mode Over Possible Cuts To Military
• 12,000 tax cheats come clean under IRS program
• U.S. tax-evasion probe turns to Israeli banks - Reuters
• Nobel Prize-Winning Physicist Resigns Over Global Warming 'Farce'
• Europe's Response To Geithner's Advice: "I'd Like To Hear How The United States Will Reduce Its Deficits ... And Its Debts"

Additional links are in comments below.

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Angelo Mozilo & Chuck Prince Grilled Over Mortgage Fraud

Clip has not been posted previously.  Second clip inside with Henry Waxman grilling Mozilo over compensation, bonus and questionable stock sales.

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Alan Grayson: Which Foreign Banks Got The Fed's $500 Billion? - Bernanke: I Have No Idea

Given the dollar free-for-all announced this week for European banks, this short clip helps explain how the liquidity swaps will work.

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VIDEO - Greenspan On The U.S. Downgrade: 'The U.S. Can Pay Any Debt Because We Can Always Print More Money'

Video - Greenspan on Meet The Press - Aug. 7, 2011

"We can always print more money."  Full quotes and more video inside.

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Nigel Farage On Greece: 'We All Know They're Going To Default'

Transcript inside.

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HILARIOUS - Video Of Euro Funeral As Nigel Farage Buries The Bankrupt Ponzi-Euro Currency

It's impossible not to like this guy.  Perhaps I'm irreparably warped after 32 months of covering the global ponzi, but to me this is sheer brilliance.  We need a mock funeral for the dollar.  Ron Paul fans, get a coffin, paste it with photos of Bernanke, and you're well on your way to youtube stardom.

Farage:

• "European banks are going to take a hit at some point anyway, if you are a bank owed a great deal of money it's better to get 50% of it than none of it.  Down the path we are going now is heading for a total bust."

• Scan all the headlines in the Nigel Farage archive

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RAW VIDEO - Geithner Meets With Euro Leaders

Start watching at the 40-second mark for the uncomfortable Geithner smiles.

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VOTE NOW - Who Would You Vote For In The California GOP Straw Poll?

You do NOT need to be a California resident to cast a vote.  Guess who's winning - none other than Ron Paul.

• Cast Your Vote NOW

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John Thain Is Priceless: TARP 2.0 Introductory Laxative

Pretty decent spoof of the Mastercard 'Priceless' commercials and solid Friday afternoon fodder.  All the Wall Street bailout culprits are named and TARP totals given.  Now, if and when TARP 2.0 is created to save Bank of America (anyone taking bets on when...?), I'm going to have a mild coronary and quit the site for a week.  The idea of bailing out Ken Lewis' decision to buy Countrywide and assume the liabilities of Angelo Mozilo might be too much for your editor.

Related story from last week:

• John Thain, TARP Taxpayer Rapist With Maria Bartiromo

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Ron Paul On The Colbert Report: Debating The Gold Standard & Whether The Fed Is Dead

Video - Dr. Ron Paul with Stephen Colbert - Jan. 4, 2011

Quotes transcribed inside plus I added the clips from Dr. Paul's 2007 & 2008 appearances on the Colbert Report.

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Chris Whalen: Is Social Security A Ponzi Scheme?

Full write-up inside with summary and quotes.

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CHART: Federal Reserve Dollar Destruction

Chart demonstrating the decline in the dollar's purchasing power from 1913 to 2005.  And it's only gotten worse since '05, with the latest figures showing the dollar having lost 98% since the Federal Reserve was enacted in 1913.

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