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Comment Re:X sues Y (Score 1) 74

Big corporations have to cover their @$$ while it's not worth the time to sue little guys who post links.

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Muni Bond Sales Drying Up as States Face $42 Billion Shortfall ``The combination of the worst financial crisis since World War II and the collapse of the $330 billion auction-rate debt market will leave 41 states and the District of Columbia with shortfalls just as financing sources diminish.''

Comment The Core Feedback Loop (Score 1) 873

Bank of Spain governor Miguel Fernandez Ordonez says: ``The inter-bank (lending) market is not functioning and this is generating vicious cycles: consumers are not consuming, businessmen are not taking on workers, investors are not investing and the banks are not lending.''

Plus falling income and sales tax revenues are affecting government spending.

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