Farmer John suggested this piece by James Quinn: American Idiots [1]. John’s comment: “This is why the government can do what it wants.”
Karen H. kindly sent these items:
Regulators Shut Down Colonial BancGroup; Largest U.S. Bank to Fail in 2009 [2]. JWR Warns: There are many more bank failures to come!
Toxic Loans Topping 5% May Push 150 Banks to Point of No Return [3]
Sugar May Advance 80% on Supply Crunch, Coleman says [4] [Have you already stocked up?]
U.S. Economy: Consumer Sentiment Falls, Prices Steady [5]
Items from The Economatrix:
Alabama-based Colonial Bank Fails, Cost is $2.8 Billion [6]
BB&T Takes Colonial as Regulators Take Five Banks; Biggest Failure Since WaMu [7]
This So-Called Recovery is Going Nowhere [8]
Goldman: Get Ready for Oil to Go Back to $147 [9] [Top off your fuel storage tanks in Septemeber, when the price of fuel bottoms!]