TJ Marta tells it like it is on Tech Ticker: Bailouts for Everyone, But Who’s Going to Rescue Uncle Sam? [1] (Thanks to Trent for the link.)
KAF sent this: Swiss banks drop U.S. clients due to UBS case [2]
Greg C. and GG both sent this: US lurching towards ‘debt explosion’ with long-term interest rates on course to double [3]
Items from The Economatrix:
Oil Falls 4% on Economic Recovery Concerns [4]
Stocks Mixed Amid Conflicting Economic News [5]
Dollar Discomfort Thrust Onstage for Italy Summit
As Retailers Cut Back, Cities Confront “Ghostboxes” [6]
US Service Industries Contract at Slowest Pace in Nine Months
BofA Bad Loans Top $7 Billion [7]
India Will Borrow Record $93 Billion to Fund Budget; Stocks, Rupee Decline [8]
World Stocks, Oil Down Amid Waning Recovery Hopes [9]
FDIC Faces Tough Balancing Act as it Deals with Wave of US Bank Failures “The Federal Deposit Insurance Corporation on Thursday proposed new policies that could chill private-equity interest in buying struggling and failed banks.”