Emini Podcast / The Daily Futures 11/09/11
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Stock investors around the world have been bracing for the possibility that Europe would not be able to contain its
. On Wednesday, as the financial troubles deepened in Italy, it appeared their worst fears had come true.A day after Prime Minister Silvio Berlusconi offered his resignation in the face of rising global market skepticism, investors revolted Wednesday, suggesting they do not believe that even a new leadership could fix Italy’s intransigent financial problems and revive its economy.
Greece's laborious power-sharing talks disintegrated into chaos Wednesday, with political leaders failing to name a new prime minister who will take over from George Papandreou and head an interim government, despite three days of negotiations.
A federal judge made clear he has big problems with a U.S. regulator's approach to settling major securities fraud cases, perhaps imperiling a proposed $285 million settlement with Citigroup Inc over the sale of toxic mortgage debt.
and that's the news............
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