S&P Warns Again On U.S. AAA Rating, PIMCO Predicts Greece & Others Will Default, Obama & Pentagon Argue Over Afghan Pullout, Chicago Taxpayers On The Hook For $108B Pension Shortfall - $63K Per Family (15 Links)

Links from around the web this afternoon.

• Last month, all-cash buyers accounted for 30% of existing home sales
• Merkel warns on CDS for Greece restructuring - Protecting the banks
• U.S. ‘Shadow Inventory’ Shrinks as Foreclosed Homes Sell, CoreLogic Says
• U.S. Postal Service to Stop Paying Into Pension Fund
• We have most idle workers since the Great Depression - Zuckerman
• UBS aids probe of LIBOR manipulation
• A Short History of the National Debt - Focus on Andrew Jackson
• Bernanke Frets Over U.S. Fiscal Recklessness - Bloomberg
• PIMCO's El-Erian predicts Greece, others will default - Reuters
• S&P restates political threat to U.S. AAA rating - Risks increasing
• Chicago taxpayers owe a staggering $108 billion for pension shortfall
• Obama and Pentagon argue over Afghanistan pullout
• Greece could cost UK banks £336bn: British exposure 'significantly underestimated'
• Elijah Cummings Asks Darrell Issa Why It Is Taking So Long To Subpoena The Big Banks On Fraudclosure - Read the Letter
• Tobey Maguire Sued Over Multi-Million Dollar Illegal Poker Game - Hedge Fund Manager Embezzled From Clients To Pay Debts

Comments

[DailyBail]

AL MUKALLA, Yemen - More than 60 al Qaeda prisoners escaped from a southern Yemeni jail Wednesday after they clashed with guards, killing one and wounding two others, security and medical officials said.

http://www.myfoxny.com/dpp/news/60-al-qaeda-prisoners-escape-from-yemeni-jail-20110622-ncx

[DailyBail]

AUDIO: Jumbo Jets in Near Miss at JFK

http://www.nbcnewyork.com/news/local/Jumbo-Jets-in-Near-Miss-at-JFK--124341539.html?dr

[DailyBail]

Obama Gets Only 30% of Americans Certain to Support Re-Election in Economy Poll

http://www.bloomberg.com/news/2011-06-22/obama-gets-30-of-americans-certain-to-support-re-election-in-economy-poll.html

[DailyBail]

34 Individuals File Pro Se Involuntary Chapter 11 Bankruptcy Petition Against Bank of America

http://www.nationalbankruptcyforum.com/bankruptcy-case-law-and-analysis/34-individuals-file-pro-se-involuntary-chapter-11-bankruptcy-petition-against-bank-of-america-n-a-bank-of-america-quickly-responds-asks-for-immediate-dismissal/

[DailyBail]

WASHINGTON (MarketWatch) — Budget deficits will probably drop in the next few years, but long-term prospects are “daunting” as spending on entitlements and health care spikes, the agency charged with keeping tabs on Congress said Wednesday.

http://www.marketwatch.com/story/long-term-budget-outlook-daunting-cbo-says-2011-06-22-1053300?link=MW_pulse

[john]

Eton Park Consultant Becomes Obama Assistant

http://www.hedgefund.net/publicnews/default.aspx?story=12639

[snip]

Sarah Bianchi leaves Eton Park after six years to work as a deputy assistant to the president and senior policy adviser to the vice president, according to a Politico.com report.

Bianchi is a Harvard University graduate with past experience in Washington political circles.

She was a policy advisor to former Vice President Al Gore during his 2000 presidential campaign and was a national policy director for Massachusetts Senator John Kerry's 2004 presidential campaign.

[Howard T. Lewis III]

The fix is in and as far as the embezzlement by law enforcement backed thieves, "SOUP"S ON!"