Something to make Barack green at the gills? When things are about to break about something quite big, it’s tricky these days to know whether it will go viral or simply disappear. But here’s one that just might knock Barry O’Drama off his perch. Over 150 emails released yesterday by the House Committee on Oversight and Government Reform reveal that the President told a rather big porkie about loans to Green projects and businesses.

Asked last Friday October 26 by a local Denver news anchor about green loans, Obama answered that these were “decisions, by the way, that are made by the Department of Energy, they have nothing to do with politics”. Not true: the 150 e’s show the White House pummelling, cuffing, demanding and insisting rather a lot that Greenbizz got the loans they wanted. But it gets worse: over 90% of the projects had close ties to the White House and other high ranking Democrats, it seems. Uh-oh.

More rain in Spain. As yet largely unreported in the MSM, it seems several desperately under-capitalised Spanish banks have started an interest rate war on deposits….rising all the way up to 8%. Given proper rates still sit somewhere around 2.7% in the eurozone, this must of course end up in a bad case of La Roca del Norte.   Needless to say, the loan notes, bonds and deposit products on offer are not covered by the Loan Guarantee Scheme. This is a scandalous disaster waiting to happen.

Felon of Troika. The 30 judges in Greece’s Court of Auditors has ruled that the pension cuts proposed by the new Troika ‘agreement’ are contrary to Articles 2, 4, 22 and 25 of the Constitution.  CoA decisions are not binding on the Greek government, but there is a serious potential problem, in that the process for filing a complaint is relatively straightforward….and would obviously be looked upon kindly by Human Rights Lawyers….who might then clog up the EUCHR with lots of cases, perish the thought.

Not many people know this, but over 50% of the new austerity income is derived from this one proposal to cut pensions.  Words like shoot, foot, self etc spring to mind.