There was a big meeting in Europe this week to try and find a solution to the sovereign debt crisis. The fate of the European Union hangs in the balance. French President Nicolas Sarkozy said, “Never has the risk of disintegration been greater.” He was also quoted saying there could be an “explosion” if a solution is not found in the next few weeks. Former MF Global chief testified in front of Congress and says he has no idea where up to $3 billion of segregated client money is after more than a month after the brokerage declared bankruptcy. S & P threatened a credit ratings cut of 15 EU nations if the debt crisis is not fixed soon. War drums are beating louder in the Middle East.
Iran says it shot down a U.S. spy drone and fears an attack for its nuclear program it claims is for peaceful purposes. And, did you hear Presidential candidate Ron Paul is beating all his Republican rivals with more than 65% of the votes in a new poll?–Of course not! According to U.S. News and World Report, Paul has nearly twice as many votes as the entire field combined! This is not a hot story for the mainstream media as it continues to ignore Congressman Paul. All these stories and much more from Greg Hunter’s USAWatchdog.com in the Weekly News Wrap-Up.
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Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.