SEC - & Germany + UK -Investigating Other Soured Deals = Countrywide

[mEDITate-OR:

not even begin to wonder why this is now happening...

You do see, do you not, that even IF there is no action taken by U.S....

those foreigners will do it..., if only do try to get back what they have lost...!!

Shiites run down hill.

"Bank bailout" are VERY unpopular in Europe...

and the UK has just started an election...

winning THAT election might depend on what they promise the UK will do to U.S.

The first article explores how wide the SEC investigation might be, which is good, and necessary.

The second article is the WSJ take on what Germany and the UK are looking/thinking of doing to U.S.

The third article point out to U.S. that Countrywide/BKofA was not just, but even more, guilt as Goldman.

That is sorta like being WAMU-ed all over again...

The fourth article is Bloomberg's take on the Countrywide situation.

Since both WSJ and Bloomberg are firmly on the side of business interests...

it is interesting to see/read what they think about this mess.

Enjoy...

seeing others going to Hell in a hand-basket.

--------------

SEC Investigating Other Soured Deals

http://online.wsj.com/article/SB10001424052748704508904575192294041013802.html?mod=WSJ_business_LeadStoryRotator#articleTabs%3Darticle

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U.K., Germany Plan to Seek Information on Goldman

http://online.wsj.com/article/SB10001424052748703594404575192243667756692.html?mod=WSJ_latestheadlines

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Countrywide Probe Shows Signs of Life

http://online.wsj.com/article/SB10001424052702304180804575188722277738484.html?mod=WSJ_business_whatsNews

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FBI Probes Countrywide Over Possible Fraud, WSJ Says

http://www.bloomberg.com/apps/news?pid=20601087&sid=aQnOK60Ts2xk&refer=home

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Is America's Middle Class Going the Way of China?

[mEDITate-OR:

not see & read...

the Truth, the whole Truth..., so help U.S., God.

These three articles a must reading for any progressive.

They both explain and show to U.S...., what was done to U.S. by the Reagan to W revolution.

While these should also be made mandatory reading for every Tea Party/MinuteMan supporter...

we do know that they will neither read it, understand it, nor believe it.

Sadly, that is also true.

Not only does the so-called "middle class" not longer exist...

the mobility that made U.S. what we are, after WW2...

the GI Bill for education, housing and the interstate highway system...

ALL of that has been lost.

Literally and figuratively.

Just look at these charts...

Just look at the cost of getting an education.

----

What you might find interesting is that Mr Hui lives in Vancouver BC...

where we were born.

And, shows U.S. a greater understanding of what made U.S. great.

What he is telling U.S. is that we have changed, not for the better...

but, to abandon what made U.S. great.

Rome did not fall in a day.

Have we fallen..., and can't get up...???

--------

Attached below are the most informative charts in the main article.

While you can SEE what they mean...

you NEED to read "the rest of the story"...

if you do not hear the fat lady singing...

it may already be over...

before you can get your new hearing aid...

-----------------   The Three Articles:

Is America's Middle Class Going the Way of China?

http://seekingalpha.com/article/198865-is-america-s-middle-class-going-the-way-of-china?source=email

------------

Going south to Argentina

http://www.qwestfunds.com/publications/newsletters_pdf/newsletter_september_2009.pdf

--------------

Political stability and the middle class

http://humblestudentofthemarkets.blogspot.com/2009/10/political-stability-and-middle-class.html

=========

Is America's Middle Class Going the Way of China?

http://seekingalpha.com/article/198865-is-america-s-middle-class-going-the-way-of-china?source=email

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Just when you thought it was safe: Foreclosures spike

[mEDITate-OR:

not see/read the more bad news...

and/or

"The Truth will set you free..." 

The first article says it best...

Just when you thought it was safe...

     Foreclosures spike

     Jobless claims surge

     1 in 5 small businesses is 'sinking'

     States have $89 billion gap

This IS what "They" call an "L" shaped recovery.

Not pretty, but it IS what is.

Everything is now flat.

Not exactly what Thomas Friedman meant when he told U.S.

"The World is now Flat"

bcuz, now the world is NOT flat.

Some, like China, India, Singapore, Brazil are now growing, fast, again.

However, the G-5 is not !!

Power has and will continue to shift.

  

---------

Foreclosures still haunt market

Just when you thought it was safe: Foreclosures spike

http://money.cnn.com/2010/04/15/real_estate/new_foreclosure_spike/index.htm

==========

Jobless claims in another surprise surge

http://money.cnn.com/2010/04/15/news/economy/initial_jobless_claims/index.htm

========

1 in 5 small businesses is 'sinking'

Main Street left out of recovery

http://money.cnn.com/2010/04/15/smallbusiness/small_business_slow_recovery/index.htm

=======

States have $89 billion gap

More pain coming: State budget gap is $89 billion

http://money.cnn.com/2010/04/14/news/economy/state_budget_gaps/index.htm

==========

Merrill Lynch's $50 billion feud

[mEDITate-OR:

not see that you are wrong...

until it is far to late...

Now, after the Shiites hit the fan...

we are being told some - but not all, yet - of The Rest of The Story.

WAMU is one, long, messy story...

Merrill Lynch is quite another.

What is interesting this week..., is The Rest of The Story...

that is only now being told to U.S.

THIS is a must read.

Live and learn...

read and understand.

===========

Merrill Lynch's $50 billion feud

http://money.cnn.com/2010/04/15/news/companies/merrill_lynch.fortune/

===========