Euro Zone Agrees to Lend Spain up to 100 Billion Euros: EU’s Spain Bank Rescue May Bring Only Brief Respite – Reuters   “Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece’s debt crisis flares again but any respite for Madrid and the euro may be short-lived.”

Lanny Davis Goes Off On Obama Aides: “You Have Vicious People Who Are Working For The President” – Buzz Feed   “Former Clinton aide takes Obama officials to task for saying Cory Booker is ‘dead to us.’ ‘It may be meltdown unless they come to their senses. Why would they want to create enemies, or depict people as enemies: who are their friends?’”

Top Customer: Under Obama, Fed’s Holdings of U.S. Debt Have Jumped 452% – CNS News   “On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities–$1.668 trillion. That is an increase from January 2009 of $1.366 trillion—or 452 percent.”

Forced to Early Social Security, Unemployed Pay a Steep Price – NY Times   “Even as most Americans are delaying retirement to bolster their savings accounts, the recession and its protracted aftermath have forced many older people who are out of work to draw Social Security much earlier than they had planned. According to an analysis by Steve Goss, chief actuary for the Social Security Administration, about 200,000 more people filed initial claims in 2009 and 2010 than the agency had predicted before the recession and he said the trend most likely continued in 2011 and 2012, though that is harder to quantify. The most likely reason is joblessness.”

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