Funds flee Greece as Germany warns of “fatal” eurozone crisis – Telegraph

The yield on 10-year Greek bonds blasted upwards by over 40 basis points to 7.15pc in a day of wild trading. Spreads over German Bunds reached almost four percentage points, by far the highest since Greece joined the euro, and close to levels that risk a self-feeding spiral. Contagion hit Portuguese, Spanish, Irish, and ItalianContinue reading “Funds flee Greece as Germany warns of “fatal” eurozone crisis – Telegraph”

Secret Banking Cabal Emerges From AIG Shadows

Hot potato! If you don’t stop reading out of anger, this is actually a very good synopsis of what’s gone down — in broad strokes — and why you’re going to want to pick up one of these. Seriously, that this comes out late on a Friday should only reinforce the significance of this revelation.Continue reading “Secret Banking Cabal Emerges From AIG Shadows”

Expo timetable stays on track, but faces hurdle

No delays are expected to result from the revocation of a permit that allowed around the clock construction on the Expo Line that will come to Santa Monica in its second phase. However, delays may occur if the second phase’s environmental impact report does not pass its Feb. 4 review. via Expo timetable stays onContinue reading “Expo timetable stays on track, but faces hurdle”

What Happens When Banks Foreclose on Commercial Properties?

In Downtown Los Angeles, at least eight residential projects and one hotel have fallen into bankruptcy. Some of those projects, along with others in the area, have also faced foreclosure — an equally complex process with just as many possible endings. via Los Angeles Downtown News and Information – LA Downtown News Online > NewsContinue reading “What Happens When Banks Foreclose on Commercial Properties?”