European Banks Downgraded – Global Depression Coming?
Posted on Dec 20, 2011 | 0 comments
5 major European banks in (including institutions in France, Denmark, the Netherlands and Finland) were downgraded by Fitch Ratings. The Young Turks host Cenk Uygur explains the potential implications.
Source: http://www.youtube.com/watch?v=AuSK0oD8JSw
Leave a Reply
The Coming Depression- The new American Dream of renting – 5 reasons why renting is a better economic choice than buying a home in 2012. The benefits of renting are rarely promoted unlike the large lobbying groups for home buying through the banking industry.
- The Truth about Option ARMs, Pick-a-Pay Mortgages, and Alt-A Loans: Looking at Wells Fargo, Bank of America, and JP Morgan. We are in the Eye of the $469 Billion Toxic Mortgage Hurricane and Silence is not Golden.
- Lehman Brothers: The Rise and Fall of Lehman Brothers. A History that Goes Beyond the Great Depression.
- American Savings: Americans Save an Average of $392 Per Year. Total Consumer Debt is over $2.5 Trillion. The Dark Knight of Debt.
- Global Debt Crisis, There Is Not Enough Money On Planet Earth