Ex-Cop Loses Bank as Dutch Critic Spurs Withdrawals. (A tip of the hat to Karen H. for the link.)
Jonathan H. flagged this: DOW 10,000!!!! Oh Wait, Make That 7,537. Jonathan’s comment: Due to reduced buying power, the current DJIA at 10,000 is equivalent to only 75% of when the DJIA went through 10,000 a decade ago. Additionally,back then $10,000 would have bought 30 ounces of gold; now its only 10 ounces.
Items from The Economatrix:
California Bank Becomes 99th Closure
Financial Meltdown in the Decade of Greed
Food Giants Cut Back on Size But Price Remains the Same
Bankers Should Stay Worried: We’re Watching
Asian Stocks Gain a Second Week on Commodities, Economic Reports
Hedge Fund Chief Charged with Fraud
California Job Losses Continue to Climb
Corporate America Worried About Sinking Dollar
Bonuses Put Goldman Sachs in Public Relations Bind
Sorry, No Jobs. This is California. State’s employers expected to keep cutting staff in 2010.