U.N. panel says world should ditch dollar [1]. (Kudos to Laura H. for the link.)
The Appenzell Daily Bell reports: AIG world of $1.6 trillion derivatives trouble [2]
England may be unable to sell all of its bonds: UK overhauls debt issuance protocol [3]. In related news: Dollar falls sharply on Fed statement [4]. And, meanwhile in Japan: BoJ ramps up purchase of government bonds [5]. Sounds like a race to the bottom, to me. (Thanks to G.G. for all three of those links.)
Three More Banks Go Down: Teambank, Paola, Kansas; Colorado National Bank, Colorado Springs, Colorado; FirstCity Bank, Stockbridge, Georgia [6]. And in the same week: Two corporate credit unions taken over by government [7]
Items from The Economatrix:
Post Office Offering Early Retirement to 150,000 Employees, Cutting Managers [8]
Is Obama/The Fed Manipulating the Stock Market?
Fed to Pump Another $1 Trillion Into Economy [10]
13 Companies Getting Bailout Money Owe Back Taxes [11]
New Jobless Claims Have Topped 600,000 Each Week for Past Seven Weeks [12]