Money & Markets – Week of 10.21.12

9 More Banks Subpoenaed Over Libor
Wall Street Journal | 25 October 2012
Nine more banks have received subpoenas in connection with a probe into alleged widespread interest-rate manipulation by banks, a person familiar with the investigation said.

Oct. 22, 2012
Financial Perspectives | 22 October 2012
Certainly one of the main stories of the summer was the U.S. drought and its impact on grain production, specifically corn and soybeans.

Firings Reach Highest Since 2010 as Ford to Dow Face Sales Slump
Yahoo | 24 October 2012
Ford Motor Co. (F) and Dow Chemical Co. (DOW) joined a growing number of companies firing thousands of workers

Barofsky: ‘Geithner Admitted To Us Privately That Obama’s Housing Policy Was DESIGNED To Sacrifice Homeowners In Order To “FOAM THE RUNWAY” For The Banks’
Bank Class Actions | 6 August 2012
This is a doozey….More secrets revealed about Geithner’s penchant for protecting Wall Street.

BP to Reward Investors, Revisit Arctic After Rosneft Deal
Global Energy World | 22 October 2012
British energy giant BP was set to return money to shareholders and could relaunch plans to unearth Arctic oil following a huge strategic deal

Stats: Taxes and the Poor

ProRevNews | 19 October 2012
1. Most of the people who don’t owe federal income tax are workers, elderly, disabled, or students.

Super-Rich Irony

The New Yorker | 8 October 2012
One night last May, some twenty financiers and politicians met for dinner in the Tuscany private dining room at the Bellagio hotel in Las Vegas.

Wealthy Advised to Sell for Gains Before Unfriendly 2013

Bloomberg | 19 October 2012
Sell.That’s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates.