Lisa forwarded us the link to the PDF of a new think tank report: Manning the barricades: Who’s at risk as deepening economic distress foments social unrest [1]
SurvivalMama sent a great Schumeresque snippet from Brad DeLong’s Grasping Reality With Both Hands blog [2]:
Q: What if markets never recover, the assets are not fundamentally undervalued, and even when held to maturity the government doesn’t make back its money?
A: Then we have worse things to worry about than government losses on TARP [3]-program money–for we are then in a world in which the only things that have value are bottled water, sewing needles, and ammunition.”
Reader D.D. suggested this from Jim Jubak: Fluke? Credit crisis was a heist [4]
Also from D.D.: The five biggest lies on Wall Street [5]
Items from The Economatrix:
Geithner Seeks Sweeping New Powers Over Financial (Non-Bank) Companies [6]
IMF: Economic Slump to Engulf the World [7]
Fears of Record Hedge Fund Withdrawals [8] (I warned you about this, back in October, 2007 [9]!)
Savers Withdraw Money as Returns Deteriorate [10]
Nine AIG Top Bonus Earners Agree to Repay in Full [11]
China to Keep Buying Treasuries [12]
Geithner’s Plan “Extremely Dangerous” Says Economist [13]
Falling Dollar Prompts BRIC Dollar Reserve Rethink [14]
Job-saving Nonsense (The Mogambo Guru) [15]
Peter Schiff: All Bubbles Burst [16]
Administration Seeks to Free Frozen Credit Market [17]
Another Saab (Sob) Story: Sweden Says No to Saving Saab [18]