The other shoe has finally dropped: China reduces holdings in US debt [1]. Expect more of the same in the months to come. (Thanks to Dave S. for the link.)
From GG: Mounting joblessness fuels US housing crisis [2]
Noah was the first of several readers to mention this article about the failure of the second largest US bank of the year: Bank Failure #81: Down Goes Guaranty [3]
Items from The Economatrix:
The Mother of all Bank Runs [4]
Unemployment: The Worst Hit States in July
US Stocks Rise, Sending S&P to Highest Level in 10 Months
Bank Failures in the US
Even Warren Buffett is Now Saying US Treasury Bonds Could Crack
[5]
US Helps Spanish Company Buy Failured Texas Bank by Putting $9.7 Billion Loss on Taxpayers