German newspaper reveals secret Greek bailout prediction

Greece could be headed for yet another multi-billion dollar bailout, according to secret documents uncovered by Der Spiegel, a German-language newspaper. According to Reuters, which reported on the findings this weekend, a secret panel within the Bundesbank, Germany’s central bank, concluded that a new bailout for Greece is highly likely, and could be unveiled sometime early next year.

Encrypted email site forced to shut down under mysterious circumstances

Edward Snowden’s revelations about the National Security Agency (NSA) surveillance programs changed the cyber community nearly overnight, but not for the better in some cases. According to the Washington Post, an encrypted email website known as Lavabit – which Snowden is known to have used in the past – has suspended its operations pending federal litigation.

Banks fight back against eminent domain

Eminent domain is a controversial administrative tactic, and the policy has a colored history associated with oppressive governments. Because it involves seizing private property – in this case, a home loan liability – for public use, there is often pushback from all affected parties.

Obama pitches Fannie Mae, Freddie Mac shutdown

President Barack Obama took the housing recovery into uncharted waters today by endorsing a bipartisan Senate blueprint for winding down Fannie Mae and Freddie Mac, the government-backed mortgage securers that formed the nucleus of the 2007-2009 financial panic.