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Economics and Investing:

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)