Bailout nation continues: Schwarzenegger to seek federal bailout of California on threat of deep cuts. (Thanks to GG for the link.)
Also from GG: Austria nationalises Hypo in ECB-backed rescue deal because of “systemic importance in the former Yugoslavia”.
Items from The Economatrix:
Fitch: Britain and France Risk Losing AAA Rating
Thrifty Families Accused of Prolonging the Recession
UK: Families Hit By Worst Wages Crash in 50 Years
By way of Steve Quayle‘s web site: National Irish Bank Stops Handling Cash
Lack of Bank Liquidity Threatens Commercial Real Estate Market
States’ Jobless Funds Going “Absolutely Broke”
Economic Data Dump For Christmas Eve: Durable Goods Numbers “Ain’t” What They Seem