Economics and Investing:

KAF sent us this: Barney Frank: Abolish Fannie and Freddie

California Governor Schwarzenegger Orders Furloughs After Top Court Rules. (Thanks to B.B. for the link.)

Items from The Economatrix:

The Horrific Derivatives Bubble that Could Destroy Entire World Financial System

The Bond Market Is Signaling Trouble Ahead

Oil Falls on Report of Rise in US Supplies

US Economy Nears Point of No Return

The Only Investment Worth Having