Economy Dept. with Frank Ahrens: Europe's 'black debt,' financial regulation reform, April unemployment and Warren Buffett defends Goldman Sachs, May 5, 2010

May 05, 2010

Economy Watch blogger Frank Ahrens talked about Europe's "black debt," financial regulation reform, predictions for Friday's unemployment numbers and Warren Buffett's defense of Goldman Sachs and Lloyd Blankfein.

Fears of a widening sovereign European debt crisis are hammering stocks in the U.S. and abroad, while Spain's prime minister, Jose Luis Rodriguez Zapatero was forced to defend his nation's solvency, as worries persisted that Greece's sovereign debt crisis is headed next toward Spain.

Lawmakers debate a "bank tax" that would help pay for bailouts of troubled financial institutions.

Got predictions for Friday's unemployment numbers? Send them to me on Twitter at @theticker.

Warren Buffett defended Goldman Sachs' handling of the mortgage transaction Abacus, saying the company did nothing wrong.

I've begun following the coverage on the Greek debt crisis and wondering if there are potential parallels here in the United States. Like Greece, our ability to finance our expanding debt is becoming more and more difficult. No one wants to be responsible for either expanding taxes to cover our obligations or slashing entitlements to slow the growth of the debt. What do you think are the lessons that we can learn from what is happening in Greece and how do you think those lessons could be packaged so that the masses could accept some of the difficult actions that might be required?

If the plague was spread by rats, who are the rats behind the black debt?

Here's the Tony Faiola story Frank mentioned:

Small city in Italy just one of many around globe facing crushing debt

In This Chat
Frank Ahrens
Staff writer Frank Ahrens blogs for the Post at Economy Watch

. • Follow Frank on Twitter @theticker.
• Contact him at ahrensf@washpost.com. • Watch More Economy Dept. Videos.
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