Updated on Jul 21, 2011 at 10:20 PM by
DailyBail
There is a default, and the deal gives sweeping new powers to the ECB. Can you say Bernanke-style money printing in German. Follow-up analysis from Reuters inside.
Here is the official statement from the EU...
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Video: I Plead Da Fif - Chappelle Show
It's almost Friday. One of the 3 greatest Dave Chappelle skits of all time.
Stories from around the web today.
OUTRAGE - Hamid Karzai Bans U.S. Treasury Officials From Afghan National Bank
Jim Rogers: Fed Will Launch QE3 by Q3
The TRUTH About Who Really Owns All Of America's Debt
Will the Fed’s last bullet be pointed inward? - Todd Harrison
Goldman Sachs Bonus Bonanza In A DOWN Year
Economics Professor - Depression Won't End Unless We Repudiate the Debt
CHART OF THE DAY: A V-Shaped Recovery That Homeowners Won't Like
Rep. Maxine Waters seeks dismissal of bank bailout ethics case
High-end prostitution ring for Wall Street clients busted - Reuters
Department of Transportation road sign hacked to read “Impeach Obama”
Man's call for Obama assassination is free speech, not crime, supreme court rules
Portugal Joins Spain And Greece In Lying About Its "Colossal" Deficit
The VERY Corporate Supreme Court - Ralph Nader
This Week’s Top Outrages - ProPublica (Recommended)
US Cyber Command Hires Woman With Fake Computer Degrees To Protect Networks
WTF!? - Lobbying Group Brings Together Politicians and Corporations to Write ‘Model Bills'
California Prison doctor gets paid $800K for doing little or nothing - LA Times
WTF!? - Your tax dollars at work – EPA offers “golf swing seminar”
As usual there are more links here...
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Great new piece from the NYT's Gretchen Morgenson. Chris Whalen is quoted extensively.
Moody's put the kibosh on the McConnell Senate compromise this morning. Still no comment from S&P who warned last week that a downgrade could come within 90 days.
Video - Texas Straight Talk - July 18, 2011
Brand new from Ron Paul. This one is outstanding. Complete transcript is inside.
Recent stories:
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Video - Rep. Sheila Jackson Lee (D-Texas) - July 15, 2011
Sheila Jackson Lee on Friday said that members of Congress are making it difficult for President Obama to raise the debt ceiling because of his race. She apparently forgot that Obama voted against Bush's attempt to raise the debt ceiling in 2006.
Sheila, in case you're interested, this is racism. And especially this.
Obama campaign raises record sums from the wealthy
Economist Gary Shilling Forecasts 20 Percent Further Drop in Housing Prices
16 Suspected 'Anonymous' Hackers Arrested in Nationwide Sweep
Student Loans and the Deficit - What You Didn't Know
COVER UP - Justice Dept. shields officials in guns scandal, ATF chief says
Sign of the Times: San Francisco Court System "Essentially Out of Business"
Bank of America posts record quarterly loss of $8.8 Billion
Cisco To Cut Almost 12,000 Jobs, Close Factory
Borders liquidates: 10,700 jobs lost, 400 stores to close
Ireland 'may support default option'
POLL - 71% of Americans Would Rather See Spending Cuts than Stimulus
How Ray Dalio built the world’s richest and strangest hedge fund - Great Read
Bachmann Predicted The World Would End In 2006: ‘We Are In The Last Days’
The Cause of Current U.S. Deficits and Debt - Welfare And Warfare
ProPublica - Local Elected Officials Got Big Contracts After The BP Oil Spill
Opposition To Elizabeth Warren Allows Obama To Duck Uncomfortable Questions
Geithner Reaching Out To Credit Agencies To Avoid Downgrade
Chart - Discretionary Budget - FY2011
Krugman - Letting Bankers Walk Free
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