Europe again

An interesting article that discusses the bond buying plan in Europe, and that maybe it isn't the best idea.

http://online.wsj.com/article/SB10001424052748704366504575277950210434916.html?mod=WSJ_WorldMarkets_LeadStory

I agree w/ Bundesbank here. Greece relys too much on foriegn debt, and that they are only digging themselves a deeper hole. They should focus on countries that are not so dependent because they will be able to sustain themselves after a little help - where Greece probably won't be able to.

Increased and cautious optimism that the US is heading in the right direction

In this time series poll of about 1000 people, an increasing percent think the US is headed in the right direction. Note, however, that a majority believe it is heading in the wrong direction.

Welcome to the AP-GfK Poll Homepage

Shorting Reform

Here's a satire by Michael Lewis, giving Wall Street advice on how to control the senators they have in their pockets, so as to make the banks even more powerful and bring in more money.

http://www.nytimes.com/2010/05/30/opinion/30lewis.html

More Small Banks Being Shut Down

http://www.usatoday.com/money/industries/banking/2010-05-28-more-banks-shut_N.htm

The article focuses on how the FDIC closed down 5 more "small" banks Friday. With 78 bank closures this year alone and projections of over 140 total by the end of the year, it looks like the "big" banks are only going to gain more power and influence. What does the demise of all these small banks mean for us and for small businesses?

A Reason for Decreasing National Debt

Here's a video that discusses what could be gained by decreasing the national debt.

http://money.cnn.com/video/news/2010/05/28/n_ss_fiscal_debt.cnnmoney/

Thoughts?

Big 6

http://baselinescenario.com/2010/05/30/the-consensus-on-big-banks-shifts-but-not-at-treasury/#more-7668
This is a good article related to the thoughts on breaking up the big 6. I think that it could have, and probably should have happened. I think that we could have survived the failure, and that we took a lot of steps back down into a hole when we decided to bail them out. Anyone's thoughts?

I recommend you panic...

http://www.youtube.com/watch?v=nuysYXlJ43I

A good video on bailouts vs. failure and the recoveries that follow. What are your thoughts??