G.G. flagged this editorial at US News & World Report: Obama’s Out of Control Spending Dwarfs the Wasted AIG Bailout Money
Markku sent this: For Sale: The $100 House
Items from The Economatrix:
WH: Agenda on Track Despite Worsening Deficits
Growing Transatlantic Tensions on Eve of G20 Summit
Sacramento Tent City to Be Relocated
China Backs Russia’s Call to Replace Dollar as Reserve
Joel Skousen: AIG Bonus Outrage–How Insiders Will Defuse It (Excerpt)
Treasury Throws $5 Billion to Auto Suppliers
The Mother of All Depressions (MOAD) “The meeting of the G20 in London on April 2, 2009 will be the most important financial meeting in history. If the delegates do not adopt a new gold standard of honest money, the dollar will totally default within a few months. The fuse has been lit. There is nothing the government can do beyond what they have already done. Nothing has worked. Nothing can work.”
The Real Scandal at AIG is Not the Bonuses. It’s the Payments to [Derivative] Counterparties
Thursday: US Stocks and Dollar Down, Commodities Race Higher
Oil Prices Reach New 2009 High as Dollar Falls
Big Slide in 401(k)s Spurs Call for Change
Turning the Screw (The Mogambo Guru)