Lisa forwarded us the link to the PDF of a new think tank report: Manning the barricades: Who’s at risk as deepening economic distress foments social unrest
SurvivalMama sent a great Schumeresque snippet from Brad DeLong’s Grasping Reality With Both Hands blog:
Q: What if markets never recover, the assets are not fundamentally undervalued, and even when held to maturity the government doesn’t make back its money?
A: Then we have worse things to worry about than government losses on TARP-program money–for we are then in a world in which the only things that have value are bottled water, sewing needles, and ammunition.”
Reader D.D. suggested this from Jim Jubak: Fluke? Credit crisis was a heist
Also from D.D.: The five biggest lies on Wall Street
Items from The Economatrix:
Geithner Seeks Sweeping New Powers Over Financial (Non-Bank) Companies
IMF: Economic Slump to Engulf the World
Fears of Record Hedge Fund Withdrawals (I warned you about this, back in October, 2007!)
Savers Withdraw Money as Returns Deteriorate
Nine AIG Top Bonus Earners Agree to Repay in Full
China to Keep Buying Treasuries
Geithner’s Plan “Extremely Dangerous” Says Economist
Falling Dollar Prompts BRIC Dollar Reserve Rethink
Job-saving Nonsense (The Mogambo Guru)
Peter Schiff: All Bubbles Burst
Administration Seeks to Free Frozen Credit Market
Another Saab (Sob) Story: Sweden Says No to Saving Saab