Weeks ago, Standard & Poor's downgraded the U.S. from its long-standing AAA credit rating. And now, they are holding up their AAA rating on some high-risk securities that are backed by subprime mortgage loans.
Libya's frozen assets are slowly being released by other countries in recognition of the interim government. Countries that have supported the rebels have much to gain -- in the form of lucrative oil contracts.
Big banks have been facing big trouble in recent months when it comes to foreclosing on homes. The culprit? Robo-signing. Now, New York regulators have reached a deal with Goldman Sachs to put an end to the practice, according to the Wall Street Journal.
As President Obama looks to infrastructure projects, there's no shortage of highways, bridges and other transportation systems that need to be built or repaired. It's work that will have to be done sometime.
During the boom, Spain's regions, much like states in the U.S., went on a spending spree, building "ghost" trains and airports. But unlike the U.S., the central government is on the hook for all of it.
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