Daily Digest

Daily Digest 10/9 - Silver Net Shorts Lowest In 8 Years, Many New To Protesting On Wall St., CA Begins Moving Inmates

Sunday, October 9, 2011, 9:56 AM
  • Harry M. Markopolos - Financial Fraud Investigator & Author of “No One Would Listen”
  • King World News Blog: Harry Markopolos
  • COMEX Commercial Silver Net Shorts Lowest in Eight Years
  • Occupy Wall Street: No Demand Is Big Enough
  • Wall St. Protest Attracts Many New to This Sort of Thing
  • Saleh Keeps Yemenis Guessing With Talk of Step-Down
  • Ron Paul Wins Conference Straw Poll, to No One’s Surprise
  • California Begins Moving Prison Inmates

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Economy

Harry M. Markopolos - Financial Fraud Investigator & Author of “No One Would Listen” (Denny J.)

In this King World News exclusive interview, Harry Markopolos the Whistleblower who brought down Bernie Madoff’s $65 billion Ponzi scheme reached out to KWN with the latest fraud he and his team have uncovered.

King World News Blog: Harry Markopolos (June C.)

Harry Markopolos has lead the team that spearheaded this investigation from the beginning. Harry and his team were the first to expose this fraud. Markopolos also told KWN, “The New York Attorney General filed suit on Tuesday (against Bank of New York Mellon) for stealing money from pension funds on currency transactions. This theft has been from tens of millions of Americans, policemen, firemen, librarians, municipal workers, judges and the list goes on and on and they’ve been doing it for decades.

COMEX Commercial Silver Net Shorts Lowest in Eight Years (June C.)

Recall that a week ago we reported a stunning drop in the large commercial net short positions (LCNS) in both gold and in silver futures. The “commercials” continued to reduce their net short positioning in this week’s report, a small 1,932-contract reduction in gold futures, but another relatively large reduction of 5,339 contracts in the LCNS for silver futures.

Occupy Wall Street: No Demand Is Big Enough (SolidSwede)

No one deserves to live in a world built upon the degradation of human beings, forests, waters, and the rest of our living planet. Speaking to our brethren on Wall Street, no one deserves to spend their lives playing with numbers while the world burns. Ultimately, we are protesting not only on behalf of the 99% left behind, but on behalf of the 1% as well. We have no enemies. We want everyone to wake up to the beauty of what we can create.

Wall St. Protest Attracts Many New to This Sort of Thing (jdargis)

The Occupy Wall Street gathering, now midway through its third week in a Lower Manhattan park, was hatched by a Canadian magazine, Adbusters, and is heavily populated by youthful out-of-towners. But it has also become a magnet for scores of New Yorkers who said they had rarely if ever attended a protest before.

Saleh Keeps Yemenis Guessing With Talk of Step-Down (jdargis)

Saleh has already pulled back three times from signing a Gulf Arab peace initiative that would seen him form an opposition-led cabinet and then hand power to his deputy before early parliamentary and presidential elections.

Officials said often during his covalescence in Riyadh after an assassination attempt in June he would return "in days" or "soon." He flew back unannounced in late September.

Ron Paul Wins Conference Straw Poll, to No One’s Surprise (jdargis)

But what turned heads here was the low support registered for the two presumed front-runners for the Republican nomination, Mitt Romney and Gov. Rick Perry. Mr. Romney, who has struggled to win the allegiance of religious conservatives because his stances on abortion and same-sex marriage, received 4 percent of the votes. Mr. Perry, whose conservative credentials are considered nearly impeccable, tied with Michele Bachmann at 8 percent, well behind Herman Cain (23 percent) and Rick Santorum (16 percent).

California Begins Moving Prison Inmates (jdargis)

“This is the largest change in the California state system in my lifetime,” said Barry Krisberg, a law professor at the University of California, Berkeley, who has watched the state prisons for decades and testified in the Supreme Court case last year. “Given that what we had was completely broken and was the most expensive, overcrowded and least effective in America, there’s some hope that this will change it.”

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2 Comments

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Dexia accepts rescue offer after marathon meeting

http://www.reuters.com/article/2011/10/10/dexia-idUSL5E7L90W720111010

 

Dexia accepts rescue offer after marathon meeting

Mon Oct 10, 2011

By Philip Blenkinsop and Robert-Jan Bartunek

BRUSSELS, Oct 10 (Reuters) - Franco-Belgian bank Dexia agreed early on Monday to the nationalisation of its Belgian banking division and secured state guarantees in a rescue that could pressure other euro zone governments to strengthen their banking sectors.

Belgium will pay 4 billion euros ($5.4 billion) to buy Dexia Bank Belgium, the largely retail Belgian division, which has 6,000 staff and deposits totaling 80 billion euros from 4 million customers.

Dexia also secured state guarantees of up to 90 billion euros to secure borrowing over the next 10 years. Belgium would provide 60.5 percent of these guarantees, France 36.5 percent and Luxembourg 3 percent.

Dexia's announcement came after a board meeting that lasted some 14 hours from mid-afternoon on Sunday after France, Belgium and Luxembourg had agreed a rescue plan.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Dexia accepts rescue? They

Dexia accepts rescue? They need rescuing? Taxpayer to the rescue. Again.

Speaking of which this Occupy Wall Street mob might be putting the wind up the powers that be.

Ben Bernanke might be fired (he always was the fall guy), and his replacement might not print money. In which case we had better brace ourselves for a bad dose of deflation, Money will be scarce, everyone will be holding on to theirs for dear life. The velocity of money dies, and everything siezes up. Nothing is produced, nothing can be sold. Food becomes the overiding concern.

Everyone loses 20% of their body mass, a la Cuba. Then the Fat Lady will sing. Until she becomes the thin lady.

 

 

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