Geopolitical – Week of 10.16.11

Photo Credit: AFP

By BBC

China has ordered a nationwide audit of all government debt, underlining fears that the recent slowdown in its economy may impact the financial sector.

Local governments i…

By Adam Davidson

GM has no confidence in its own financial reports. The company says that “our disclosure controls
and procedures and our internal control over financial reporting are currently not…

American banking system still backing over $13 trillion in assets with a negative deposit insurance fund. 7,760 banks but 19 banks make up 50 percent of the asset base.

The growth of the too big to f…