RT.com AND http Goldman Sachs created fictional exchange rate swaps causing Greece economic failure.

The German government won a critical vote to greatly increase financial support for a European bailout fund, which could ease the way to a partial default in Greece. Jeffrey Brown discusses the German vote and the worldwide worries over European debt with The Globalist’s Stefan Richter and The New York Times’ Nicholas Kulish.

www.ntv.co.ke We will bring innovation, global standards and enable regional companies go global, that is the promise international banks setting in the country are making to Kenyan companies.In the final part of the Scramble for Financial Services Market series, NTV’s Kaara Wainaina speaks to global banks setting up in the country, what they perceive their role in the Kenyan economy to be.

ww.ntv.co.ke Once referred to as the green city under the sun, Nairobi remains a dynamic metropolis offering the most sophisticated communication and transport services in the region. In the 2nd part of the series, scramble for financial services market, NTV’s Kaara Wainaina speaks with international banks on why they prefer to base their regional headquarters here. And contrary to popular belief, many international financial institutions find Kenyan authorities supportive and friendly compared to many other African nations.

Global Financial Markets Tremble As Bad Economic News Continues for US US Offers Foreign Aid to Countries Holding Billions in Treasury Securities The Congressional Research Service released a report last month, a copy of which Fox News exclusively obtained, showing that in fiscal year 2010, the latest year that data was available, the US handed out a total of .4 billion to 16 foreign countries that held at least billion in Treasury securities, including China (.2 million), Brazil ( million), Russia (.5 million), India (6.6 million), Mexico (6.7 million) and Egypt (5.7 million). China is the largest holder of US Treasury bonds with .1 trillion as of March, according to the Treasury Department. Brazil held 3.5 billion, Russia had 7.8 billion, India owned .8 billion, Mexico held .1 billion and Egypt had .3 billion. www.foxnews.com www.foxnews.com Dismal Jobs Report Fuels GOP Criticism of Administration on Economy Republicans continued to hammer Obama with an infamous chart pushed by his administration during the 2009 stimulus debate which predicted unemployment would stay below 8 percent and that, by this time, the rate would be below 7 percent. www.foxnews.com Global Financial Markets Tremble As Bad Economic News Continues To Pour In truthiscontagious.com US Growth: Slow and Volatile www.nationaljournal.com As the US economy starts to slow down once again, global financial markets are beginning to tremble. Over the past couple of …

Jeffrey Tucker interviews Kevin Duffy, a Principal of Bearing Asset Management, and discusses navigating the financial markets with an Austrian compass.

May 19 (Bloomberg) — Peter J. Wallison, co-director of financial policy studies at the American Enterprise Institute, talks with Bloomberg Law’s Lee Pacchia about the role the housing market played in the events leading up to the financial crisis in 2008 and his experiences serving as a member of the Financial Crisis Inquiry Commission. Part 2 of a two part interview.

Sean Hughes, about to take up the position of Financial Markets Authority chief executive, talks to nzherald.co.nz.

FBN’s Sandra Smith on the financial sector’s impact on the markets.

2010 www.amazon.com Watch more clips: thefilmarchived.blogspot.com United States President Barack Obama and key advisers introduced a series of regulatory proposals in June 2009. The proposals address consumer protection, executive pay, bank financial cushions or capital requirements, expanded regulation of the shadow banking system and derivatives, and enhanced authority for the Federal Reserve to safely wind-down systemically important institutions, among others. In January 2010, Obama proposed additional regulations limiting the ability of banks to engage in proprietary trading. The proposals were dubbed “The Volcker Rule”, in recognition of Paul Volcker, who has publicly argued for the proposed changes. The US Senate passed a regulatory reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. The New York Times provided a comparative summary of the features of the two bills, which address to varying extent the principles enumerated by the Obama administration. For instance, the Volcker Rule against proprietary trading is not part of the legislation, though in the Senate bill regulators have the discretion but not the obligation to prohibit these trades. A variety of other regulatory changes have been proposed by economists, politicians, journalists, and business leaders to minimize the impact of the current crisis and prevent recurrence. None of the proposed solutions have yet been implemented. These …