ShareDavid Michael Green: Can You Hear Us Now?
We still want change. Hat tip Lavrenti.

Marc Faber has short term concerns about commodities, says gold may drop to US$800 – Business Intelligence Middle East
Is this rally over the top yet?

Insolvencies hit record high
Up 28% in Britain

RBS bank reports losses of £2.2bn
Britain’s bottomless pit. Much worse than Lloyds

Fannie [...]

ShareBe sure to see William Shatner’s poetic reading of Levi Johnston’s tweets below. Pretty funny.
Buffett Revisits Hunting Ground for Survivors: Alice Schroeder – Bloomberg.com
"Buffett isn’t as bullish as he sounds."

Clever fools: Why a high IQ doesn’t mean you’re smart – New Scientist
I have always said George W. Bush is NOT dumb. He is just wilfully [...]

ShareI was interviewed on the BBC last night about the GM/Opel/Vauxhall deal. I am waiting for video before posting any more about it.  My general feeling, however is GM’s backing out is being driven by reflation as GM no longer needs to sell Opel/Vauxhall in this economic environment. Quite frankly, I think it is a [...]

ShareI will be on Canada’s BNN TV at noonish talking about finance: Banks and Buffett. It will be a casual discussion with the moderators Howard Green and Andrea Mandel-Campbell and one other guest, Brian Milner of the Globe & Mail.
Below are today’s links. Enjoy.

Hillary’s Ill Will Tour – Patrick J. Buchanan’s website
This is not the [...]

ShareI will be out of pocket in the early morning. Back late morning for more news. I expect to update my thoughts on the UK TBTF situation.

Junk bond revival stokes credit bubble fears – Telegraph
I share these fears. (My post: http://bit.ly/4oK1wR)

Do Saudis have the clout to destroy NYMEX? – Telegraph
Still wondering why even after [...]

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White House Will Not Be Told By The AP How Many Jobs The Stimulus Has Created – Dealbreaker
Funny.

Industrial output up 1.4% last month | The Japan Times Online
More bullish data in Japan.

What Exactly Is Going On In Finland? – Edward Hugh
As comprehensive a review as any out there.

Why three buses come at once, and how [...]

ShareFinance and politics

New Name Floated In Geithner Replacement Talks – Dealbreaker
What up, bankster? Sorry, I know I said I wouldn’t be using that word but it’s in context and I had to say it. This will be the new Treasury lyrical theme.

FT.com – Galleon paid banks millions for ‘edge’
Proof the system is rigged. Goldman and [...]

ShareFinance and Politics
All Debt is Not Created Equal: Government Debt is NOT the Same as Private Debt – Marshall Auerback
Must-read

Why rich college kids can sell dope and you can’t – Denver News
I have a slightly different take because I know that there have been a decent number of drug raids in the previously protected college [...]

ShareCyanogenMOD Hits Stable 4.2.1 Release, Reduces Home Screen Lag – Lifehacker
Very good hack

FT Alphaville – South Korea in a won-win situation
Ex-Morgan Stanley’s Stephen Jen is bullish

Helicopter Crashes Kill 14 Americans in Afghanistan – WSJ.com
Buried on page A11

Laptops Cited for Pilot Inattention – WSJ.com
Crossword puzzles, magazines and other diversions are more common.

ING Shows How Bank Dismemberment [...]

ShareHomeowners walking away from underwater mortgages – MiamiHerald.com
Strategic default on the rise.

Economics and Moral Courage – Llewellyn H. Rockwell, Jr.
Anecdote contrasting von Mises and Hans Meyer

Government Porkfare Is No Way to End Recession: Caroline Baum – Bloomberg.com
"not all spending is created equal"

FT Alphaville- Break-ING up is so hard to do
The bancassurance model is dead (at [...]