SEC Considers FRAUD Charges Against Rating Agencies, Greenspan Says Greece Default 'Almost Certain', Ron Paul's Fort Knox Audit Fever, Germany Succumbs To Pressure To Bailout Irresponsible Banks, DSK Tried For Diplomatic Immunity, Weiner's Pension Tops $1 Million (15 LINKS)

• SEC might file FRAUD charges against rating agencies - Reuters
• Why Apple Isn't in the Dow - Business Week
• Weiner’s Pension, Benefits Top $1 Million
• Greenspan Says Greece Default ‘Almost Certain,’ May Trigger U.S. Recession
• Hunt for ‘Holy Grail’ Pits ECB Against Naked, Stupid Banks - Bloomberg
• Strauss-Kahn Tried To Claim Diplomatic Immunity During New York Arrest
• China cites "vital" self-interests in bailout for reckless EU debt choices
• History, Usage of BitCoins - Bloomberg
• Chef Paul Kahan Slips 4 HUGE Knives Through TSA Security - FAIL!
• Ron Paul's Fort Knox Fever - Audit The Gold!
• Germany, Merkel Succumb To Pressure To Bailout Irresponsible Banks
• Acting IMF chief threatens to trigger sovereign default if Berlin fails to come to rescue of irresponsible banks who lent to Greece - Bloomberg
• California Gov. Jerry Brown vetoes fellow Democrats' budget - Stop kicking the can down the road - Reuters
• Adam Savage From Mythbusters TV: "TSA X-Rayed my junk, but they missed two 12-inch industrial razor blades in my coat"

Comments

[DailyBail]

Merkel’s Greek Bondholder Gambit Tested as Sarkozy Visits

http://www.businessweek.com/news/2011-06-17/merkel-s-greek-bondholder-gambit-tested-as-sarkozy-visits.html

[DailyBail]

Biden Talks Aimed at $4 Trillion in Cuts Over 10 Years

http://online.wsj.com/article/SB10001424052702304186404576390293254220216.html

[DailyBail]

Military Chiefs to Work on Cutting $400 Billion

http://online.wsj.com/article/SB10001424052702304665904576385613330086274.html?mod=WSJ_newsreel_politics

[Wil Martindale]

Take Comfort in VALUE
http://letthemfail.us/archives/9272

[DailyBail]

Military Chiefs to Work on Cutting $400 Billion

http://online.wsj.com/article/SB10001424052702304665904576385613330086274.html?mod=WSJ_newsreel_politics

Military Cuts SHOULD BE 10X This Number

[DailyBail]

Barry Minkow could be a reverse billionaire

Commentary: Two-time felon now owes more than he could ever steal

http://www.marketwatch.com/story/barry-minkow-could-be-a-reverse-billionaire-2011-06-17?link=MW_home_latest_news

[Sagebrush]

"Take Comfort in VALUE"

@ Will, Great Post, I like the way you think. I think our corrupt, equally rotten electoral process needs to be swept into that historical dustbin along with that rotten, insolvent banking sector.

[Cheyenne]

To be clear, the SEC's charges are civil, not criminal. For the uninitiated, the controlling presumption here is that it's just political theater so the unwashed actually believes the SEC is doing something or is otherwise worth a stale shit.

S.E.C. v. Bank of America, in which the agency proposed to settle $5 billion in fraud for $33 million--to be paid for by the very shareholders who were defrauded--put to rest any notion that S.E.C. staffers work for anyone other than their Wall Street bosses to the detriment of everyone else. That and watch porn until they're actually hired by Wall Street.

[john]

A Senior Banker Was Just Gunned Down In Puerto Rico In A Suspected Professional Hit Job

http://www.businessinsider.com/banker-gunned-down-in-puerto-rico-professional-hit-job-maurice-spagnoletti-2011-6

[snip]

A banker was gunned down in Puerto Rico on Wednesday and at least one Puetro Rican news agency suspects that it might have had something to do with an audit he had recently launched.

[S. Gompers]

Nothing like a good old fashioned "investigation" to get the campaign contributions rolling to make it go away. The 2012 election cycle is going to be a very prosperous one...

[Howard T. Lewis III]

It is frequently demonstrated that the S.E.C. is not beholden to the public. It can be shown that their behind the scenes job is through ties to the old world financial interests and other aristocratic drones who want us all hooked up to a plow like during the bad old days. And they expect to succeed and they will if America continues to seek wisdom and guidance on the CFR programmed TV. Down with king TV. Dump the Fed. Send in the Marines.

[skinflint]

Puerto Rico is in a tight spot.
http://prospect.org/article/how-hedge-funds-are-pillaging-puerto-rico