Allen C. sent this: Most Bailed Out Banks Reduced Lending Since Getting Funds
KAF sent this bit of news on the continuing nationalization of US banking: U.S. May Convert Bank Bailouts to Common Stock
Items from The Economatrix:
GM to Cut 1,600 Jobs in Next Few Days
Bank Bailout Plan’s “Stress Test” Already Causing Stress
Recession Pits Small Banks Against Big Banks
Drivers Paying Highest Gas Prices So Far in 2009 Expect another 20 cent rise for the summer.
Geithner Defends Bank Rescue Program Amid Warnings GM, Chrysler to Get $5B More
A Backdoor Nationalization: The Latest Treasury Brainstorm Will Retard A Banking Recovery
US Gold Rises On Safe-Haven Flow, Credit Fears
Market Bulls Have it All Wrong Warns Roubini
BofA’s Surge in Bad Loans Revives Economic Gloom
BofA Triggers New Bank Fears, Hits Markets; Dow Plunges 287 to 7,874