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Economics and Investing:

Several readers sent this: Santelli’s Chicago Tea Party [1]

Gone in 60 Days: Citi and Bank of America Won’t Live to See May [2] (A hat tip to KT for the link.)

Another Friday FDIC [3] bank failure notice: Citizens Bank, Corvallis, Oregon, Assumes All of the Deposits of Silver Falls Bank, Silverton, Oregon [4]

Items from The Economatrix:

Stock Decline Hits Depression Levels [5]

Get Ready for Mass Retail Closings [6] (220,000 stores may close)

GM Break-up Close as Saab Files Bankruptcy [7]

No Bailout Can Mend the Economy Now [8]. A quote: ” …the life of the depression is being deliberately extended in order to complete the wealth distribution process.”

Gold Rises Over $1,000 [9]

Latvian Gov’t Falls; EU in Crisis [10]

Popular Rage Grows as Global Crisis Worsens [11]

Major Indexes Fall 6%+/- for Week [12]

Inflation Via Another Con [13] (The Mogambo Guru)

The Great Depression Has Arrived–Collapsing American Dreams [14]

Commercial Real Estate’s Crisis Point Approaching? [15]

Friday: Stocks End Down 100 Points After Seesaw Day [16]

B of A, Citi Shares Fall on Fears of Nationalization [17]

Housing Plan Leaves Out Critical Pieces