Financial Crisis Inquiry Commission Studies Derivatives – Is Government Owned AIG Selling CDS?

McAuleys World Comments Bolded Blue WASHINGTON – The complex instruments at the heart of the financial meltdown, and the way two giant companies were wrapped around them and entwined with each other, are being examined by the special panel investigating the origins of the economic crisis. The Financial Crisis Inquiry Commission is turning its focus [...]

Day 71 In The Gulf: Hurricane Alex Snarls Recovery Efforts

Skimming efforts off the coasts of Louisiana, Florida, Alabama and Mississippi have ceased.

Day 70 In The Gulf: US Accepts International Assistance for Gulf Spill: Is The Jones Act Waived? Maybe – Maybe Not

US Accepts International Assistance for Gulf Spill The United States is accepting help from 12 countries and international organizations in dealing with the massive oil spill in the Gulf of Mexico. The State Department said in a statement Tuesday that the U.S. is working out the particulars of the help that’s been accepted. The identities [...]

Day 70 In The Gulf: Two Months & 10 Days – The Oil Still Flows – A Pictoral

      See The Full Pictoral Here: http://news.yahoo.com/s/ynews/ynews_sc2694

Day 70 In The Gulf: Cleanup ships idled as storms rattle Gulf region

Cleanup ships idled as storms rattle Gulf region GRAND ISLE, La. – The crashing waves and gusting winds churned up by Tropical Storm Alex put the Gulf oil spill largely in Mother Nature’s hands Tuesday. Regardless of whether the storm makes things worse or better, it has turned many people fighting the spill into spectators. [...]