Larry Summers & Warren Buffet Are Economic Idiots, Citigroup Must Pay Lehman $1 Billion, Europe In Crisis, USPS IS Broke, Bank Of America In MORE Trouble

Stories from around the web Sunday.

• S&P Says 1 in 3 Chance of More U.S. Downgrades
• Bank Of America In MORE Mortgage Trouble - This Time With New York
• Israeli Stock Index Tumbles Most Since 2000
• Asia, Europe to ‘Stick It Out’ With Treasuries - Bloomberg
• Global Economic Policymakers Hold EMERGENCY Meeting
• Beneath Jobs Report Surface Lie Some Ugly Truths
• USPS posts $3.1 billion loss in Q3, warns of default
• Hackers Take $1 Billion, Banks Blame Clients - Bloomberg
• Citigroup MUST Pay Lehman $1 Billion, Trustee Says
• BofA Says Loan Repurchase Claims From Fannie May Exceed Previous Forecast
• Fancy Fighter Jets Costing Nation Zillions of Dollars Do Not Work - Wonkette
• OUTRAGE - Air Force Will Spend $23 Billion On "The Cadillac" Of Spy Drones
• Bomb destroys 16 NATO fuel tankers in Pakistan
• Idiot Warren Buffett - AAA Cut Was Mistake, NO Recession, Calls U.S. Quadruple-A
• Larry Summers Warns Of New Recession - Still LOVES Obama's Stimulus

Comments

[TR]

"Larry Summers & Warren Buffet Are Economic Idiots"

Excellent COMPLIMENT

Glad we don't be having none of them there nuclar reactors in America.

http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/08/experts-fukushima-off-scale-lethal.html

[LiberatedCitizen]

Buffet's not an idiot just a welfare pig he knows where his bread gets buttered

Buffett’s Betrayal

http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/

Greenspan sees stock market drop after downgrade

http://moneywatch.bnet.com/economic-news/news/greenspan-sees-stock-market-drop-after-downgrade/6273573/

hmm S&P downgrade could it be a helpful democratic tool to get your taxes raised?.

ABC Financial Expert Slapping S&P As 'Suspect' Is Undisclosed Obama Fundraiser

Read more: http://newsbusters.org/blogs/mark-finkelstein/2011/08/07/abc-financial-expert-slapping-sp-suspect-undisclosed-obama-fundrai#ixzz1UNbgVTyb

The Bankster Plan to Hijack the Next Budget Deal

http://www.economicpolicyjournal.com/2011/08/bankster-plan-to-hijack-next-budget.html

[LiberatedCitizen]

Oh yea about Larry Summers...

Larry Summers: Hitler Was Good for the U.S. Economy

http://www.economicpolicyjournal.com/2011/07/larry-summers-hitler-was-good-for-us.html

NOW FOR SOME REAL DOOM

Ultra bearish Marc Faber says current gold price ‘low’, investors must prepare for the worst as ‘it will come to war

http://www.theburningplatform.com/?p=19728

[DailyBail]

Dubai shares drop most since January on US rating cut

http://timesofindia.indiatimes.com/business/international-business/Dubai-shares-drop-most-since-January-on-US-rating-cut/articleshow/9516987.cms

[DailyBail]

Geithner Tells Obama He Will Remain as Treasury Secretary

http://www.bloomberg.com/news/2011-08-07/geithner-tells-obama-he-plans-to-stay-in-his-job-as-treasury-secretary.html

[DailyBail]

http://www.marketwatch.com/story/ecb-to-actively-implement-bond-buying-program-2011-08-07

ECB to actively implement bond-buying program

[DailyBail]

U.S. joins China, Spain in double-A club

http://www.marketwatch.com/story/us-poised-to-join-china-spain-in-double-a-club-2011-07-30

[DailyBail]

Germany doubts larger fund can rescue Italy: report

http://www.reuters.com/article/2011/08/07/us-crisis-germany-idUSTRE77604K20110807