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)