SEC’s Schapiro Calls Derivatives Data ‘Critical’ for Probe [1]
Jeff C. spotted this: IndyMac’s mortgage struggle [2]. How does modifying a “liar loan” somehow magically make a semi-employed borrower credit worthy?
From John in Ohio: Is America still depression-proof? [3]
Reader MSB mentioned: The Shell Game – How the Federal Reserve is Monetizing Debt [4]
Oldest Swiss Bank Tells Clients to Sell U.S. Assets or Leave [5] (Thanks to DD for the link.)
Exit strategy? Fed’s Plosser: U.S. rate increases could be rapid [6]. (A tip of the hat to Brenda C. for the link.) JWR’s comment: This is starting to remind me of the policies that created stagflation in the 1970s.
Karen H. sent us these three items:
Bond Market Eyeing 10% Jobless Rate Rejects Recovery [7]