"Bank Stress Tests Prove The EU & ECB Believe In Father Christmas, The Easter Bunny And Other Munificent Deities"

Video:  Satyajit Das -- On Greece & Europe

Das pounds on the following theme -- the undeniable insanity of bankrupt nations guaranteeing the debts of other bankrupt nations.  Greece will default, and there will be haircuts for feckless bondholders no matter how they cry in anticipation. 

Runs 4 minutes.  Solid truth-telling.  Das is the author of:

• Traders, Guns, and Money

Comments

[Z]

OBAMA...YOU CAN TAKE THAT $600 MILLION TO THE BANK...YOU HAVE TO SPEND MONEY TO SAVE MONEY!

Boeing Gets $5.3 Billion U.S. Navy Order for 124 F/A-18s

http://www.bloomberg.com/news/2010-09-28/boeing-receives-5-3-billion-u-s-navy-order-for-124-f-a-18-fighter-jets.html

“Procurement of these 124 aircraft through a multi-year contract takes advantage of the full efficiencies of Boeing’s production and supplier operations, which will generate more than $600 million in cost savings for U.S. taxpayers,” Kory Mathews, Boeing’s vice president for the program, said in the statement.

[Z]

It's Media Matters...

Limbaugh embraces D'Souza's outrageous Obama theory

http://mediamatters.org/mmtv/201009220019

[DailyBail]

A decline in pollinating insects in India is resulting in reduced vegetable yields and could limit people's access to a nutritional diet, a study warns.

Indian researchers said there was a "clear indication" that pollinator abundance was linked to productivity.

They added that the loss of the natural service could have a long-term impact on the farming sector, which accounts for almost a fifth of the nation's GDP.

Globally, pollination is estimated to be worth £141bn ($224bn) each year.

http://www.bbc.co.uk/news/science-environment-11418033

[DailyBail]

Tensions Still Getting Worse, As Japan Demands Two Chinese Boats Leave Key Area

http://www.businessinsider.com/tensions-still-getting-worse-as-japan-demands-two-chinese-boats-leave-key-area-2010-9

[DailyBail]

Charges dismissed against Md. man who taped traffic stop

A Harford County Circuit Court judge Monday dismissed wiretapping charges against Anthony Graber, a motorcyclist who was jailed briefly after he taped a Maryland state trooper who stopped him for speeding on I-95. Graber used a camera mounted on his helmet, then posted the video on YouTube.

In April, a few weeks after the traffic stop, Harford County state's attorney Joseph I. Cassilly charged Graber, a staff sergeant in the Maryland Air National Guard and a computer systems engineer, with violating the state's wiretapping law. That law dates back to the 1970s and was originally intended to protect citizens from government intrusions into their privacy. If convicted on all charges, Graber faced up to 16 years in prison.

http://blog.washingtonpost.com/story-lab/2010/09/wiretapping_charges_dropped_ag.html

[DailyBail]

z...so are you saying that you buy d'souza's theory...parts might be correct but it's way too general i think...

[Sagebrush]

("It's Media Matters...")

That Limbaugh and Beck both embrace it is reason enough for me to be skeptical.
I gave up on those two and their self righteous rants a long time ago.

[DailyBail]

You sent me one of those excellent rants once sagebrush...i still have it...