Focus on Finance

Marshall Auerback: Anschluss Economics – The Germans Launch a Blitzkrieg on the Greek Debt Negotiations

News stories continue to suggest that Greece once again appears on the verge of reaching a deal with its private sector creditors on how much of a loss they would be willing to accept on their bond holdings. The latest numbers suggest a 70% write-down.

Obama does not want out of Iraq: Pentagon prepares for new military talks with Iraq on long-term security relationship - The Washington Post

The Obama administration is preparing to begin talks with Iraq on defining a long-term defense relationship that may include expanded U.S. training help, according to Defense Secretary Leon Panetta’s chief policy aide. The U.S.

A Modern Pecora Commission ? | The Big Picture

My Sunday Washington Post Business Section column is out. This morning, we look at the newly impaneled Office of Mortgage Origination and Securitization Abuses.Print version had the headline A Chance for a modern Pecora Commission to right Wall Street wrongs.

Wall Street, Obama's Friend, provides huge cash for Obama's re-election, the kind of change Banksters believe in

“The 62 bundlers who work in that [investment] industry have raised at least $9.4 million for Obama and the DNC.

NYT: Apple accused of ignoring labor abuses - Business - US business - The New York Times - msnbc.com

Well now. Apple should be ashamed of themselves....instead....it's all about the profits. Nice they outsourced all these jobs to China instead of building them here. Oh that's right. Tax breaks! This is what the President was talking about.

State of the Union: Fact Checking the President and Finding Exaggerations and Worse

Fact or Fiction Number 1 - The Booming Economy: Obama's Jobs Story 3 million jobs created over 22 months, more jobs created in 2011 than in any year since 2005. Using total employment, Obama's numbers don't hold up.

On Hoover's Attempts to Rescue the Banks: Echoes - Phillip Scranton, Bloomberg

In 1929, there were nearly 25,000 banks in the U.S. Many European nations had fewer than 100. More than 90 percent of U.S.

BREAKING: Obama on Brink of a Sweetheart Deal to protect Big Banks—Progressives Furious with Obama Hypocrisy of campaigning for 99% but working for the bankster 1%i

On the eve President Obama’s State of the Union address—in which he plans to pretend to further advance a populist message against big money and income inequality—Obama's massive federal settlement with big Wall Street banks over their role in the mortgage cris …

BREAKING: Buffett Blames Congress for Romney's 15% Tax Rate and for the Unfair US Tax Policy--He does Not Blame Romney

Buffett: I do fault a law that allows Romney and me earning enormous sums to pay overall federal taxes at a rate that’s about half what the average person in my office pays. Warren Buffett, the billionaire calling for more taxes on the rich, said Mitt Romney’s U.S.

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