HPD found this: Mish’s Global Economic Trend Analysis: Automotive Pension Disaster; $42 Billion in Pension Promises Completely Unfunded
Also from HPD comes word that another bank has bit the dust: BankUnited Bidders Said to Be Told Bank to Be Seized
GG sent this bit of MOAB expansion news in the Wall Street Journal: Fed Boosts Efforts to Aid Commercial Real Estate
Items from The Economatrix:
Geithner: Major Banks Have Raised $48 Billion (Under the new FASB accounting rules or the old?)
China Grows More Picky About Debt
Local Banks Face Big Losses “Study of 940 lenders shows potential for deep hit on commercial property.”
Big Changes in Store for US Credit Card Holders
John Deere Second Quarter Profit Tumbles 38%
US Housing Starts Plunges to Record Low
GM Bankruptcy Plan Eyes Quick Sale to Government
JPMorgan, Others, Line Up to Throw Off TARP Yoke
Gulf Currency Plan on Brink of Failure
Japanese Economic Decline: An Awesome Warning
Asian Shares Fall on Jitters Over US Recession
Gold: Investor Demand Soars Amid Inflation Fears
Dollar Hit as Geithner Hails Recovery Hopes
Fed: US Economy to Shrink 2% This Year
US May Create Financial Product Regulator
Day of Reckoning Looms For US Dollar “…a ‘serious case of dollar damage’ [is] underway.”
Former Head of Pension Agency Takes The Fifth
Very Bad … And Getting Worse (The Mogambo Guru)