Economics and Investing:
Reader GG suggested: Uncle Sam’s ‘F’-rated bonds GG also mentioned this piece by Mish Shedlock: FDIC to Open a Temporary East Coast Satellite Office. (Could they be expecting more bank failures or perhaps bank runs? The MOAB keeps expanding: Feds give $50 Million in aid to towns hit by auto layoffs. (Thanks to Tony Y. for the link.) Items from The Economatrix: Here Comes the Option ARM Explosion Russia Dumps US Dollar as Basic Reserve Currency Fannie and Freddie in “Critical” Condition Real Unemployment, GDP, Etc. Numbers Britain’s AAA Rating Threatened by S&P’s Stark Warning Conjuring Monster (The Mogambo Guru)