More news and commentary, courtesy of our Economic Editor: Layoffs Spreading Across Corporate America [1] — Fed Pushes Purchase of Assets To Bust Credit Logjam [2] —AmEx Profits Fall, Cardholders Struggle [3] — No Chinese Bailout for Pakistan, Next Stop: IMF [4] — Kerkorian Dumps 2/3 of Ford Stock [5] — Bush Says Economic Panic Is Easing [6] — Markets Soar As LIBOR Starts To Fall [7] — Bernanke Wants Second Stimulus Package [8] — Iceland Agrees To $6 Billion Deal With IMF [9] — France To Inject $6.5 Billion Into Top Six Banks [10] — The view from a French think tank: Summer 2009: The US Gov’t Defaults On Its Debts [11] — Pay-up Time For Lehman Swaps [12] — Financial Crisis Is Shifting Power To Asia [13] — Regional Banks Post Worse-Than-Expected Results; Dow Skids [14] — Ron Paul: Gov’t Bailouts Herald A New Era Of Taxpayer Slavery [15] — Central Banks Scramble To Buy Dollars [16]
o o o
Raymond recommend this piece over at the The Market Oracle: Understanding Derivatives [17]
o o o
Terje in Sweden sent us this: Sweden Launches Financial Rescue Package [18]