Mayhem News 12-08-11

Today's mayhem or news has M.F. Global's former boss, John Corzine, confessing before a Congressional panel on where millions upon millions of missing client funds have gone to. Meanwhile, in Europe we have the usual ass-Draghing going on, with the EU looking to flood capital to banks in what appears to me to be a preparation for failure. Otherwise, there would be movement on the eurobond and the financial tying of Europe together at the core of its being. However, Germany is willing to push the financial markets to their limits before committing, which could in fact commit Europe (and Germany) to its demise. Either way, it appears the same end looms.

Mayhem News

• GOP Ties Pipeline Construction to Jobs Bill


• Deutsche Bank (NYSE: DB) Chief Targeted by Letter Bomb


• German Politician Says Downgrade is American Plot (NYSE: MCO)


• Iran Shows Film of Downed Drone


• Draghi Eases Credit but No Bond Move


• Putin, Clinton Trade Blows


• Corzine Says he Didn’t Know About the Money (OTC: MFGLQ.PK)


• Oil Dips on Economic Issues


• Is McDonald’s Recession Proof? (NYSE: MCD)


• EU Banks Must Raise $153 Billion


• EU May Employ IMF to its Aid


• Alec Baldwin’s Online Rant


• American Imprisoned for Insulting Thai King


• Pujols Signs Blockbuster Deal with Angels


• Costco (Nasdaq: COST) Shares Sink on Tighter Margins


• IBM (NYSE: IBM) Pays More than SAP (NYSE: SAP) for Cloud Growth


• Smithfield Foods (NYSE: SFD) Will Cease Cruel Pig Treatment


• Boeing’s (NYSE: BA) Union Fix


• How the GOP Got to Newt


• Cuomo’s Economic Push


• Jobless Claims Count Dips Again


• Don’t Allow Consumer Confusion to Confound Your Investment Direction


• Wholesale Inventories Rose More than Forecast


• Consumer Discomfort Little Changed


• MEMC Electronic (NYSE: WFR) to Cut Staff by 20%


• Wells Fargo (NYSE: WFC) Settles Muni Rigging Case


• Emerging Market Shares Dip on Worries


• Bank of England Holds Rates


• 80 Year Old Jailed for Feeding Ducks


• Yahoo! Earnings Calendar

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.