Economic Insanity Update
10 November 2010
EU threatens to block Chinese bids for public contracts (Telegraph-UK)
Wall Street Collects $4 Billion From Taxpayers as Swaps Backfire (Bloomberg)
London Silver Update: "Only Entities Short Are Fed-Backed Banks. Nobody In Their Right Mind Would Be Short Here" (Zero Hedge)
Cravath, Swaine To Advise On Harrisburg Bankruptcy Pro Bono, Will Charge Millions As Muni Default Dam Finally Breaks (Dow Jones via Zero Hedge)
California Discloses A $25.4 Billion Budget Hole, Asks If It Should Pass The "Huge Challenge" To "Future Californians" (Zero Hedge)
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