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Obama Privately tells Banks: U.S. Not Defaulting

By Charlie Gasparino Fox Business July 26, 2011 While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn’t raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen, FOX Business has learned. In a series of phone calls, administration officials have told bankers that the administration will ...Read full article...

Moody’s: No Debt Ceiling, Continue Charade

The Credit Rating Agency founded by Berkshire Hathaway wants the fiscal charade to continue, but does not want limits. And who the heck gave this corporation the right to rate anything? The Bankers. By Walter Brandimarte Reuters July 18 Ratings agency Moody’s on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders. The United States is one of the ...Read full article...

First Traitor who wants out: Tim Geithner considers leaving U.S. Treasury

Bloomberg June 30, 2011 Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the federal debt limit, according to three people familiar with the matter. Geithner said speculation about his departure was being driven by his decision to commute to New York so his son can finish his final year ...Read full article...

Moody’s degrada la nota de Portugal hasta ‘Baa1′

Terra.es Abril 5, 2011 La agencia de calificación crediticia Moody’s ha recortado en un escalón la nota de solvencia de Portugal a ‘Baa1′ desde ‘A3′ y la ha situado en revisión para una posible rebaja adicional. Portugal sigue rebajando su fortaleza. La agencia de calificación Moody’s ha recortado en un escalón su nota de solvencia. No obstante, a pesar de la rebaja de este martes, Moody’s aún mantiene la ...Read full article...

Spain readies ‘nationalization’ of Cajas

The Spanish government is preparing a plan to outsource the control of the people’s banks by demanding larger reserves in a short period of time.  The result?  Banks will probably not make it and the government will ask foreign investors to take control of the Cajas. AFP March 6, 2011 Spain’s ailing regional savings banks are scrambling to raise billions of euros of fresh funds to meet strict new ...Read full article...