Thursday, February 11, 2010

BlackListedNews.com | Headlines - February 11, 2010

Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.

The Justice Department is poised this week to publicly defend a little-known law-enforcement practice that critics say may be the "sleeper" privacy issue of the 21st century: the collection of cell-phone "tracking" records that identify the physical locations where the phones have been.


One thing most Democrats and Republicans around the nation seem to agree on is that their government is too cozy with Wall Street -- and that that's not a good thing.

Germany and France are tomorrow expected to move to guarantee Greek solvency and to shore up the euro against assault from gamblers on the financial markets.

Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn up plans for a tradable liquidity index, known as the CLX, on which products could be structured that allow buyers to hedge a spike in funding costs.

The 15-year-old girl thought the three security guards in the Seattle bus tunnel would protect her from attack. She was wrong.

Aping the assassination tactics of Josef Stalin, the U.S. has created an illegal “hit list” of Americans abroad marked for murder.

India aims to test a new nuclear-capable missile with a 5000-km (3,100-mile) range, a top military scientist said on Wednesday, a move that could complicate security in a volatile region.