Economic Insanity Update
13 December 2010


The Economy Cannot Recover Until the Big Banks Are Broken Up (Zero Hedge)

Moody's Warns There Is Increased Likelihood Of Negative Outlook To US AAA Rating In Next 2 Years (Zero Hedge)

BofA Scrambling To Dump $1 Billion In Mortgage Paper (Zero Hedge)

Easter Egg Out Of The BIS: US Banks Are On The Hook To The PIIGS By Over $350 Billion (Zero Hedge)

Guest Post: Who's Lying? (Zero Hedge)

A Secretive Banking Elite Rules Trading in Derivatives (New York Times)

Will Spain Default? The Answer Is Not Hard To Determine If You Take An Objective Look At The Numbers And Recent History! (Zero Hedge)







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