Update On Global Events – 8 July 2012

This week we see more pressure being applied to governmental and financial institutions. As these probes continue it could reach to the very core and we could see the planned demolition of the global financial system when that happens. In the states, residents and businessmen filed records of conduct against Bank Of America CEO Brian Moynihan amounting to alleged racketeering .While In Europe 3 senior officials at Barclays resigned and after paying fines of $435 million, the British parliament have by a vote of 330 to 226 decided to launch its own investigating into the banking system. – Washington Post 

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