It's not looking out in the real economy but it's all roses for the banks as the EU began approving the various European bank bailouts. Hedge Fund news is dire with many, including the once mighty Fortress, stopping or severely limiting investor withdrawals while being reported to be "crumbling".
With the crisis in the auto sector, Ford is looking to sell Volvo the Swedish carmaker it bought ten years ago in a bid to raise cash.
Comment: We have decided to separate the market and financial news section of our analysis from our broader analysis and commentary. This week's continuation of State Sanctioned Theft, State Repression and the Establishment of Capitalism can be found here.
