Economy

(BusinessInsider) – Your Guide To All The Countries That Are One Riot Away From Becoming Greece

Here’s a snapshot taken from a Morgan Stanley report by Paolo Batori that shows how European financial systems have deteriorated during this crisis, and who’s most at risk of becoming the next Greece. Read More Here

(BusinessInsider) – Behind The Scenes, European Banks Freak Out About Lending To Each Other

Right now, markets are getting hammered as protests rock Athens and no one trusts Greece to get out of this crisis. Read More Here

(MSNBC) – Video: Dow Jones Crash Caused By Typo! – Video Link Here

(AP) – Video: NYSE Stock Board Time Lapse – Video Link Here

(CNBC) – Video: Cramer Saves The Market? Sees Error In P&G Share Pricing

CNBC’s Jim Cramer notices the large drop in Procter & Gamble shares and shares his belief there must be an error. View Video Here

(Bloomberg) – Citigroup Finds ‘No Evidence’ Bank Involved in Erroneous Trades

Citigroup Inc. said it found “no evidence” that it was involved in erroneous trades after U.S. equity markets plunged today.

“We, along with the rest of the financial industry, are investigating to find the source of today’s market volatility,” bank spokesman Stephen Cohen said in a statement. “At this point, we have no evidence that Citi was involved in any erroneous transaction.” Read More Here – Update 2

(Reuters) – Many possible triggers for wider euro debt crisis

Europe may be months, conceivably weeks away from an expanded debt crisis that cuts more countries off from access to the markets and forces fresh emergency action by rich governments or the European Central Bank. Read More Here

(SteveWatson) – Audit The Fed Push Strengthened By Second Front In Senate

The push to audit the Federal Reserve was given a fresh injection yesterday with the introduction of another bipartisan amendment to the Wall Street reform bill in the Senate that would force the central bank to reveal where $2 trillion in public bailout money was spent. Read More Here

(CNBC) – Stock Market Falls Nearly 1000 Points

The Dow plunged Thursday amid buzz in the market that European banks have halted lending Read More Here

(CNBC) – Drudge Heralds ‘Market Violence’: Fear, Euro Weakens, Greek Riots Continue, Retail Disappoints

Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. Read More Here

(Business&MediaInstitute) – Video: CNBC’s Bartiromo – ‘This Really Sounds Like Market Manipulation to Me’

While everyone is scratching their heads and trying to figure out how the Dow Jones Industrial Average (DJIA) lost nearly 1,000 points before rallying back to lose only 347 points – it appears not to be limited to just one stock. Read More Here

(RussiaToday) – Video: Gerald Celente on Greece – People will rise against bank bailouts globally

After a day of unrest which saw three people killed, Greece’s parliament is preparing to vote on the controversial austerity package. Wednesday’s violence included a bank in the capital being set alight. Demonstrators clashed with police when protesters marched on the country’s parliament building. They are angry at government spending cuts aimed at securing a 110 billion euro rescue package from the EU and the IMF. Trend forecaster Gerald Celente says the Greek situation is going global.

(SteveWatson) – Audit The Fed Push Strengthened By Second Front In Senate

Dorgan, Grassley introduce another amendment for spending transparency Read More Here

(HuffingtonPost) – Long-Term Unemployment: 80 Percent Of People Jobless Last Summer Still Out Of Work

Just one in five people who were out of work last summer have found jobs since then. Read More Here

(ZeroHedge) – John Taylor: “Dead Man Walking…The Euro Is Finished” – Tyler Durden

One of the incidents that I remember from my youth was the first time I saw a chicken slaughtered and running around headless for quite a few minutes before it keeled over and died. The euro is at that stage. Its life is finished, but it will be around for some time before it becomes a subject of historical analysis. Read More Here

(Reuters) – Freddie Mac posts loss, sees need for state funds

Freddie Mac (FRE.N), the second-largest provider of residential mortgage funds, on Wednesday said it lost $8.0 billion in the first quarter and warned that it would continue to need government funds because the housing market remains fragile. Read the rest of this entry Read More Here

(RussiaToday) – Video: Alex Jones On Russia Today: Greece Riots Coming To America?

As protests turned into riots in Greece amidst the financial crisis, the big question remains, what will happen to the global financial market after this bailout? This crisis has been spreading globally and many people are saying that the economy is getting worse. Alex Jones says he believes that China will go bankrupt in the next few years. Alex Jones also speaks about the recent advertisement that shows the government invading our homes.