Telephone Company Cuts Off Greek Prime Minister's Phone Service

Telephone Company Cuts Off Greek Prime Minister's Phone Service

While his government wallows in massive debt, the Prime Minister of Greece has his own problem — the telephone company turned off service to his home phone earlier this week. [More]

Dow Jumps 400 On Euro Stimulus Loan News

Dow Jumps 400 On Euro Stimulus Loan News

Got whiplash? US and global indexes jumped on Monday, responding to news of a $1trillion European loan package to staunch their debt crisis. The rally reinstated the gains erased by a panicked sell-off driven by concerns that Greece’s debt crisis would infect other markets. [More]

Wall St. Helped Hide Greece's Debt, Now It's Kablooie!

Wall St. Helped Hide Greece's Debt, Now It's Kablooie!

Looks like Goldman turned the Parthenon into a gunpowder magazine for a second time; Greece’s recently revealed debt crisis is rattling the world economy and familiar culprits are at play: Wall Street banks, off-the books loans, derivatives, and other occult financial instruments. I guess we blame the consumer on this one too? [More]