Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis – NYTimes.com

This morning I awoke to see this story on the front page of the New York Times. Basically, this is all due to Greece’s desire to gain inclusion into the EU. Membership requires achieving certain macroeconomic targets like budget deficits, rate of inflation, social welfare spending. They are basically the same kinds of economic targetsContinue reading “Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis – NYTimes.com”

Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6% (Update1) – Bloomberg.com

U.S. prime jumbo mortgages at least 60 days late backing securities reached 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for “serious delinquencies,” according to Fitch Ratings. via Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6% (Update1) – Bloomberg.com.

The budget, partisans and Bin Laden » Times Record News

The teabagging cheat-sheet: Dear Buster: It is difficult to defend the Republicans during the Bush administration, as they virtually did nothing to rein in Congress’s addiction to spending over his two terms. Unfortunately, President Bush did in fact leave President Obama a deficit of about $450 billion, but not the $1.3 trillion figure Obama bandiesContinue reading “The budget, partisans and Bin Laden » Times Record News”