The Greek Bailout and Germany’s “Plan B”: If Germany bails on the Euro, the EU will collapse

March 13. 2012 (TSR) - While the Second Greek Bailout may or may not be complete (depending on whether we get a credit event as a result of it), Germany can and will walk from the Euro if it needs to. This is the unforeseen black swan everyone is ignoring. Obviously, Germany wouldn’t want to do this as it would [...]

Democracy vs Mythology: The Battle in Syntagma Square

I have never been more desperate to explain and more hopeful for your understanding of any single fact than this: The protests in Greece concern all of you directly. What is going on in Athens at the moment is resistance against an invasion; an invasion as brutal as that against Poland in 1939. The invading army [...]

U.K. Government Takes 65% Lloyds Stake

Britain’s third-largest banking group joins government scheme to insure toxic assets.

Lloyds Banking Group has become the latest U.K. bank to fall under government control since the run onNorthern Rock in September 2007.

The U.K.’s third-largest bank confirmed Saturday that the government is raising its stake to at least 65%, and possibly as high as 77%, in return for insuring $367 billion dollars in toxic assets. The bank has also promised to increase its lending, primarily to businesses, by $39 billion over the next two years.

Bailout on my Mind by MJ Santos

A parody of Obama´s first 100 days solving U.S. Economic Crisis by lobbying a $900bn (now $787bn) stimulus package penned by Democrats