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Breathtaking Stupidity
And here we go again. The ratings agency Moody’s has taken a decidedly negative outlook on the sovereign debt of Portugal. The ratings agency published its findings yesterday. Europe’s slow-motion fiscal meltdown ought to be a negative for “risk assets” like the Aussie dollar.
Read more on The Daily Reckoning

Mutual of Omaha Bank Forms Houston-Based Energy Lending Group
HOUSTON–(BUSINESS WIRE)–Mutual of Omaha Bank has formed a new Houston-based energy lending group to begin deploying capital in the oil and gas industry.
Read more on Business Wire

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