Volcker Says Time Is Running Out for U.S. to Tackle Fiscal Woe. (Our thanks to RBS for the link.)
Chester suggested this bit of frank commentary: The Morality of the Financial Monetary System is Really What is Broken
Brett G. flagged this bit of “recovery” news: Week’s unemployment claims jump to 471,000
Items from The Economatrix:
Ticking Time Bomb: $600 Trillion in Derivatives at Risk
Next Year’s Federal Budget Sinking in Deep Red Ink
Reforming Fannie and Freddie Will Slam Home Prices
Germany’s ‘Desperate’ Short Ban Triggers Capital Flight to Switzerland