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GGN- News Bulletin :: July 26, 2010 Part 1/3
PLEASE SUBSCRIBE!!!!! http://edition.cnn.com/2010/POLITICS/07/20/war.costs/#fbid=oqEPj1TcVrI http://www.guardian.co.uk/business/2010/jul/25/seven-us-banks-collapse http://hosted.ap.org/dynamic/stories/U/US_HOME_PRICES?SITE=NYBUE&SECTION=HOME&TEMPLATE=DEFAULT Washington (CNN) -- The United States has spent more than $1 trillion on wars since the September 11, 2001, terror attacks, a recently released Congressional report says. Adjusting for inflation, the outlays for conflicts in Afghanistan, Iraq and elsewhere around the world make the "war on terrorism" second only to World War II. More than 100 banks in the US have now collapsed so far this year after another seven were taken over by regulators late on Friday -- the same day that seven European banks failed a financial health check. With rising bad debts tied to commercial and residential mortgages, the number of US bank failures this year is expected to exceed last year's figure of 140. The largest of the seven US banks just seized by the Federal Deposit Insurance Corporation -- which acts as a receiver and protects depositors -- was Crescent Bank and Trust Company in Georgia, with more than $1bn in assets. In all, the seven failed banks had total assets of $2bn. HEADLINES -Report: Tab for 'War on terrorism' tops $1 trillion -Seven more US banks collapse on day of Europe's stress tests -Don't hold your breath for a bounce in home prices Thank you everyone for subscribing! Facebook: http://bit.ly/cEXQv1 Twitter: http://twitter.com/GGNCORP Revolutionary Roundtable Group: http://www.youtube.com/group/ddarko2012RR Website: http://www.globalgovernmentnewscorp.blogspot.com
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Author: ddarko2012
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Uploaded: July 26th, 2010 @ 9:40 pm
Duration: 10:00