HPD found this: Mish’s Global Economic Trend Analysis: Automotive Pension Disaster; $42 Billion in Pension Promises Completely Unfunded [1]
Also from HPD comes word that another bank has bit the dust: BankUnited Bidders Said to Be Told Bank to Be Seized [2]
GG sent this bit of MOAB [3] expansion news in the Wall Street Journal: Fed Boosts Efforts to Aid Commercial Real Estate [4]
Items from The Economatrix:
Geithner: Major Banks Have Raised $48 Billion [5] (Under the new FASB accounting rules or the old?)
China Grows More Picky About Debt
Local Banks Face Big Losses [6] “Study of 940 lenders shows potential for deep hit on commercial property.”
Big Changes in Store for US Credit Card Holders [7]
John Deere Second Quarter Profit Tumbles 38% [8]
US Housing Starts Plunges to Record Low [9]
GM Bankruptcy Plan Eyes Quick Sale to Government [10]
JPMorgan, Others, Line Up to Throw Off TARP Yoke [11]
Gulf Currency Plan on Brink of Failure [12]
Japanese Economic Decline: An Awesome Warning [13]
Asian Shares Fall on Jitters Over US Recession [14]
Gold: Investor Demand Soars Amid Inflation Fears [15]
Dollar Hit as Geithner Hails Recovery Hopes [16]
Fed: US Economy to Shrink 2% This Year [17]
US May Create Financial Product Regulator [18]
Day of Reckoning Looms For US Dollar [19] “…a ‘serious case of dollar damage’ [is] underway.”
Former Head of Pension Agency Takes The Fifth [20]
Very Bad … And Getting Worse [21] (The Mogambo Guru)