Economics and Investing:

KAF sent us this: National debt soars to highest level since WWII

Thanks to RBS for spotting this: Oregon city turns off streetlights to save money

Courtesy of reader John R.: Corruption Suspected in Airlift of Billions in Cash From Kabul. (Gee, do you think it might be suspicious?)

I was doing some web wandering, and I found a fascinating history piece on AIG, and its parent company, AIC.

Items from The Economatrix:

Europe’s Banks Still on Life Support

Roubini Says Greece Needs Orderly Debt Restructuring to Avoid “Inevitable Default”

Britain “Might Not Cope with Another Bank Emergency”

You Don’t Recover from a Debt Crisis with More Debt

Fannie Mae to Charge Strategic Defaulters, with Everything

How Does This Financial Panic Compare to Previous Panics?

Mortgage Applications Rise 9% After Rates Fall