Allen C. sent this: Most Bailed Out Banks Reduced Lending Since Getting Funds [1]
KAF sent this bit of news on the continuing nationalization of US banking: U.S. May Convert Bank Bailouts to Common Stock [2]
Items from The Economatrix:
GM to Cut 1,600 Jobs in Next Few Days [3]
Bank Bailout Plan’s “Stress Test” Already Causing Stress [4]
Recession Pits Small Banks Against Big Banks [5]
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 [6]
Market Bulls Have it All Wrong Warns Roubini [7]
BofA’s Surge in Bad Loans Revives Economic Gloom [8]
BofA Triggers New Bank Fears, Hits Markets; Dow Plunges 287 to 7,874 [9]