Today’s Can’t Miss

Socialism can hit where you expected it the least…

Blog: The Most 'Socialist' States in America

India’s Premier had called for a meeting of minds… let’s put it that way… the minds have taken sometime off if looking at the most recent head lines around the world?

What you need to know about bondholders, bonds and burden-sharing

Spain defiant amid banking turmoil

Efforts by Portugal and Spain to quell bailout reports

Ireland’s culture of cosy cronyism must end

India needs ‘quantum step’ in investment

Opinion: Currency warriors should consider India

Have had a wild connection for days… Been to your in laws?

Austerity? Are the cuts fair? Who is paying what and why?

Guilty? Who approved debt funded welfare policies and introduced it as social progress? Who supported that kind of politics? Who ever asked, when the debt bill kicks what will happen? Can citizenship be reduced to picking people on the so called “right or left”, every,… so years, and let them just inform or not of what they’re doing, and how it is financed?

Are the same ones in charge of the “regulation” failed? Can the failures just get through pointing a finger at the “speculators”? Aren’t they the most guilty ones ever for keeping the People in the dark of how most of the welfare policies were financed, how they turned a blind eye for years on bank dangerous risk management and malpractices they knew of for some economic gains they used to take the credit for trying to score political gains?

The Bank for International Settlements (BIS) has provided a breakdown of Eurozone banks' exposure to Spain, Greece, Portugal, and Ireland.

• In total, entities in the four troubled nations owe 1.6 trillion euros to Eurozone banks.
• French banks are owed 493 billion euros.
• German banks are owed 465 billion euros.
• Thus French and German banks amount to 61% of exposure.
  Read more: http://www.businessinsider.com/french-german-banks-piigs-exposure-2010-6#ixzz16VFBfEf8

Can really that kind of irresponsible lending to so few borrowers by major banks, well, not with the “speculators” pointing a gun at the banks, it didn’t happen, did it? took place without both, govs and national regulators being informed, not to mention the ECB? How political and for how much counts these bailouts in the European integration? Are the bailouts designed to be the kind of financial ties leading to political bindings you can’t get rid of?

Are the Peoples guilty for not taking seriously their rights ( when existing) and citizenship, not exercising well enough their surveillance, turning a blind eye to how some benefits were funded as long as it was at their advantage? Should they elect immediately Budget Vigilantes, at least to be informed of what are the Govs spending, how they fund it and what’s in these bailouts?

Well I mean enjoyed it?