Published on Zero Hedge (http://www.zerohedge.com)

ZH Evening Wrap Up 6/8/12

By CrownThomas

Created 06/08/2012 - 19:22

CrownThomas's picture

[1]

Submitted by CrownThomas [1] on 06/08/2012 19:22 -0500

Some headlines from today

- Obama (along with his vast amounts of economic credibility) tells Europe they must get their shit together [6]

- Citigroup ends push to get the fed to let them increase shareholder payouts, because it's easier to blame the other guy and not your lack of profit [7]

- Chesapeake dumping assets for financing in bid to stay alive [8]

- U.S. Attorney General Eric Holder says Fast & Furious, does not mean Fast & Furious in effort to baffle with bullshit [9]

On a long enough timeline

- Stocks have biggest week of the year, on the lowest volume [10]

- Your daily Biderman [11]

- After hours news hits the tape, as Moody's just learns that spain's is in deep shit, and and Spain may not accept terms of German bailout [12]

- Good news - The market is more fragile now than pre-lehman [13]

- Did Obama say Europe is "doing fine" too, because Germany has an accounts receivable of ~700 billion Euros that it won't ever be able to collect... probably not good for cashflow [14]

If you're too lazy to read the news, you can listen to it here

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Source URL: http://www.zerohedge.com/contributed/2012-06-08/zh-evening-wrap-6812

Links:
[1] http://www.zerohedge.com/users/crownthomas
[2] http://www.zerohedge.com/taxonomy_vtn/term/9919
[3] http://www.zerohedge.com/taxonomy_vtn/term/292
[4] http://www.zerohedge.com/taxonomy_vtn/term/8300
[5] http://www.zerohedge.com/taxonomy_vtn/term/158
[6] http://www.bloomberg.com/news/2012-06-08/obama-says-congress-must-act-as-europe-puts-drag-on-u-s-economy.html
[7] http://www.bloomberg.com/news/2012-06-08/citigroup-won-t-seek-fed-approval-to-boost-capital-return-in-12.html
[8] http://online.wsj.com/article/SB10001424052702303665904577454502890459864.html?grcc=7960f7dc5eabe4df9f4e5b61f1e718bcZ3ZhpgeZ0Z62Z200Z25Z2&mod=WSJ_hps_sections_markets
[9] http://www.theblaze.com/stories/i-have-superior-knowledge-holder-pressed-on-dojs-involvement-in-fast-furious-dismisses-evidence/
[10] http://www.zerohedge.com/news/stocks-have-biggest-week-year-lowest-volume
[11] http://www.zerohedge.com/news/biderman-we-are-first-quarter-next-recession
[12] http://www.zerohedge.com/news/friday-dump-complete-moodys-warns-spanish-downgrade-threatens-aaa-countries-case-grexit
[13] http://www.zerohedge.com/news/market-more-fragile-now-pre-lehman
[14] http://www.zerohedge.com/news/europes-parabolic-est-target2-hits-%E2%82%AC700-billion