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This great article from the Wall Street Journal further supports my theory of collusion in the US Government between the US/Regulators and their beloved Goldman Sachs. Remember, a lot of former Goldman “boys” have played a monumental role in some of the Federal programs, bailout, and administration… A Tale of Two Bailouts: Goldman’s profits, CIT’s trouble, and ‘too big to fail.’ Yesterday saw one TARP recipient, Goldman Sachs, report $3.44 billion in profits even as another, CIT, teeters on the edge of either bankruptcy or another taxpayer bailout.

Mortimer Zuckerman | Global Research – The recent unemployment numbers have undermined confidence that we might be nearing the bottom of the recession. What we can see on the surface is disconcerting enough, but the inside numbers are just as bad. The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession.