Odds ‘n Sods:
Bank of America Net Income Falls 77% on Writedowns. Something tells me that their acquisition of the mortgage lender Countrywide will not do good things for their balance sheet in the coming year. o o o UN chief warns world must urgently increase food production o o o Just as I predicted, lots of fallowed land in the CRP is again being tilled: Land Once Preserved Now Being Farmed o o o Don’t miss reading this one, from The Market Oracle: Commercial Banks Heading for Huge Derivatives Losses- Credit Crisis Turning into Credit Armageddon