Some Treehuggers concede that we may be right, after all, even if we do use Excessive and Gratuitous Acronym Diversions (EGADs).
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From our Economic Editor, starting with the most disturbing news: Bloomberg Analyst Marc Faber: $700 Billion Bailout Could Balloon To $5 Trillion — WaMu Is Gone, But Trouble Spots Remain (The banks to watch: Wachovia, Comerica, Marshall & Ilsley) — Wachovia, Citi In Merger Talks — Stocks Rebound On Renewed Bailout Hopes — The US Banking Collapse Was A Controlled Demolition Let’s Play Wall Street Bailout (Rep. Marcy Kaptur (D-Ohio rants well) — They Want Mama To Make It All Better
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Even the oh-so conservative Wall Street Journal is starting to take on an alarmist tone: Few Good Scenarios in View as Crisis Spreads. Buckle up!
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Kevin A. recommended some commetary by Jim Willie, over at The Silver Bear Cafe: Corruption, Whispers & Receivership