NLG Review - Death Penalty Focus (tags)
NLG Review
Senate Faces Puerto Rico Vote Before July 1 Deadline (tags)
The United States Senate faces a likely vote on Puerto Rico debt crisis legislation this week. Puerto Rico's Governor, Alejandro García Padilla, called on the Senate to pass the bill by July 1, when the US territory owes a nearly $2 billion debt payment. The Puerto Rico Oversight, Management and Economic Stability Act passed the House on June 9.
Puerto Rico Plans to Default on New Year's Day (tags)
Puerto Rico plans to default on part of its $1 billion debt payment due January 1.
Puerto Rico Avoids Default Governor Announces Revenue "Claw-Back" to Fund Government Ser (tags)
Puerto Rico doesn't default under outrageous debt structuring.
Kiev Reneges On Its Debt Obligations (tags)
Ukraine
Argentina Braces For Default (tags)
Argentina is likely to default barring a last-minute breakthrough in negotiations with hold-outs or a court order. Argentina's grace period to pay bonds restructured after its 2001 default expires July 30th. Predatory funds and hold-outs may use court ruling to target Grenada and the Democratic Republic of Congo.
Argentina Debt Payments Blocked by US Court (tags)
The Argentine government announced Thursday that it transferred funds to the Bank of New York Mellon to pay the 92% of bond holders who restructured after Argentina's 2001 default.
class war
JPMorgan Chase on Capitol Hil (tags)
grand theft
America's Student Loan Racket (tags)
student loans
America's Student Loan Debt Bondage (tags)
class war
Greek Tragedy Goes Global (tags)
financial terrorism
America's Student Loan Racket: Soaring Default Rates (tags)
student loans
Permanent Debt Bondage from America's Student Loan Racket (tags)
mega-theft
Selling Out America to Wall Street (tags)
pillaging American wealth
Fuck The Millions, Claw Back the A.I.G. Billions and Arrest Everyone Involved! (tags)
The Obama Administraition and Congress must Outlaw the Credit Default Swaps
CAPITALISM ANDS ITS BEST OBAMANATION AT ITS WORST (tags)
As of today even without the additional infusion of new government money, the american public has 79% interest in AIG already largely in the form of highly vulnerable common stocks. The remaining shares in preferred or treasury stocks (which are on top of the food chain when it comes to bankruptcy or liquidation proceedings) are in private holdings mostly belonging to AIG founder Hank Greenberg. In the event of bankruptcy, preferred stocks e.g. Greenberg are guaranteed proceeds even with the equivalent of diluted shares of their notes - the american public - ZIP!
More from the Front Lines of the Financial Crisis (tags)
The worst is yet to come.
The Real Financial Tsunami is coming! (tags)
"The $690 billion worth of “interest only” ARMs due for interest rate hike between now and July 2008 are by and large not Sub-prime but a little higher quality, but only just. There are a total of $1.4 trillion in “interest only” ARMs according to the US research firm, First American Loan Performance. A recent study calculates that, as these ARMs face staggering higher interest costs in the next 9 months, more than $325 billion of the loans will default leaving 1 million property owners in technical mortgage default. But if banks are unable to reclaim the homes as assets to offset the non-performing mortgages, the US banking system and a chunk of the global banking system faces a financial gridlock that will make events to date truly “peanuts” by comparison. "
Popular Blogging Site Restricts Use of Breastfeeding Photos: (tags)
.
DENNIS KUCINICH FOR PRESIDENT??? (tags)
WWW.KUCINICH.COM