VIDEO - Banking Troglodytes Cowen & Lenihan Show Respect For Billionaire Bondholders

Video - tweedle dumb & tweedle dick...

Brian & Brian joint presser to announce the IMF, EU bailout.  Not a lot to this clip beyond further demonstration that banks and their bondholders control governments from Greece to Geithner's United States.

Anglo Irish Bank was a den of rampant and pernicious private development fraud that lined political coffers from here to Dublin.  It should have failed, and its executives jailed.  Instead, it survives by capturing the political class, and earning some alone time with the global bailout teat.

Next up, Portugal, Spain, then a solvency test for the Euro core.  When that's finally complete, attention will turn to U.S. insolvency.

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Video: Fighter Jet Extreme Sledding by Swedish Air Force

Here's something similar...

• Navy Pilots Dip $33M Helicopters In Lake Tahoe (VIDEO)

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RescEU Rangers: Euro Coma Zone With Downgrade Fever

Links, mayhem on tape, updates on rating downgrades across the continent.

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NJ Gov. Christie Tells Complaining Teacher: "Unlike The Fed, The State Of New Jersey Can't Print Money" (WATCH)

Great clip.  Runs 2 minutes.

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Meredith Whitney: Secret State Bailouts Have Already Begun, And California Is The Main Beneficiary (Video)

WSJ op-ed from Whitney, and her default ranking of the 15 largest states.

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60 Minutes EXTRA: State Budget Ponzi Schemes In New York & New Jersey - Web Exclusive Video

Three 1-minute clips that were not shown on Sunday's broadcast, focusing on the twin fiscal nightmares of New York and New Jersey and their addiction to budgetary irresponsibility and ponzi-financing as seen through the eyes of NJ Governor Chris Christie and NY Lt. Governor Richard Ravitch.

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CHART - Sovereign Debt Madness - $10.2 Trillion in Global Borrowing Expected In 2011

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The VERY Tiny Benefit of QE2 for Mortgage Holders

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CHART: U.S. Mortgages Outstanding By Interest Rate

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REPO 105 LIES: Ernst & Young Will Be Hit With Fraud Lawsuit Over Lehman Audits: Cuomo Source

Breaking story...

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20 Links - Moody's Slashes Ireland, Warns On France; Bailed Out UK Bankers Plot Huge Bonuses; Berlusconi Outed By Twitter Rampage; Billionaires On The Warpath

Twenty links inside.

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Goldman Sachs, Wall Street Banks Under Investigation - SEC Sends Subpoenas In New Mortgage Probe: Sources

(Reuters) - U.S. regulators have opened a new line of inquiry in their mortgage foreclosure probe and are asking big Wall Street banks about the beginning stages of mortgage securitization, two sources familiar with the probe said.

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MUST SEE PHOTOS - Petrol Bombs And Molotov Cocktails - Setting The Police On Fire In Greece - Slideshow Greek Riots

These new pictures from yesterday's riots are pretty amazing - 27 total...

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• Greek Protesters Throw Fire Bombs, Attack Minister

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Deficit Be Damned: House Passes Obama Tax Bill

Before I get to the story, here's a reminder on where things stand.  And this figure is before the extension of the Bush tax cuts and everything else thrown into this irresponsible bill, so you'll need to add another trillion to the total.  

A $20.6 trillion national debt by 2015.

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