More news and commentary, courtesy of our Economic Editor: Layoffs Spreading Across Corporate America — Fed Pushes Purchase of Assets To Bust Credit Logjam —AmEx Profits Fall, Cardholders Struggle — No Chinese Bailout for Pakistan, Next Stop: IMF — Kerkorian Dumps 2/3 of Ford Stock — Bush Says Economic Panic Is Easing — Markets Soar As LIBOR Starts To Fall — Bernanke Wants Second Stimulus Package — Iceland Agrees To $6 Billion Deal With IMF — France To Inject $6.5 Billion Into Top Six Banks — The view from a French think tank: Summer 2009: The US Gov’t Defaults On Its Debts — Pay-up Time For Lehman Swaps — Financial Crisis Is Shifting Power To Asia — Regional Banks Post Worse-Than-Expected Results; Dow Skids — Ron Paul: Gov’t Bailouts Herald A New Era Of Taxpayer Slavery — Central Banks Scramble To Buy Dollars
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Raymond recommend this piece over at the The Market Oracle: Understanding Derivatives
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Terje in Sweden sent us this: Sweden Launches Financial Rescue Package