Tag Archives: uk government deficit

Stacy Summary: A Saudi Prince losing control of his Kingdom.  In the United Kingdom, meanwhile, a nation where a man’s home is his casino castle, mortgage chip holders are now underwater and sinking fast.

• Prince Alwaleed begins selling off his Kingdom to finance his Citi habit

• Moody’s expects house price falls of 40% in UK, downgrades 9 biggest building societies

• UK gov’t to slash spending, raise taxes as budget deficit to hit 12 pc

• You’ve been warned:  the AK-47 pyramid scheme for the eternal American ponzi

Updates:

• China & India to press for IMF to sell off entire gold reserves

• JPMorgan claims it could repay TARP funds tomorrow

• State sales taxes plunged in 4th quarter

• General Growth files biggest property bankruptcy in US history

• The real unemployment rate?  Try 15.6%