Should William Poole Say “I Told You So”? – Economist’s View
Underwriters braced for hit as HBOS slides – FT Alphaville
Phony Accounting on Fannie, Freddie Rescue Legislation – Naked Capitalism
European Storms – Market Movers
To Walk Away or Not? – Market Movers
Euro-dollar: Long-run benchmarks – Vox
The Pychology of Selling – Big Picture

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Recession-Plagued Nation Demands New Bubble To Invest In – Onion
Fed Steps Back From Imaginary Tightening Ledge: Caroline Baum – Blomberg
Financier’s Death Hints at Trouble for Lenders – WSJ
Goldman Is Queried About Bear’s Fall – WSJ
Jim Rogers: Fannie Plan a ‘Disaster’ – Big Picture
Fannie, Freddie and You – Paul Krugman, New York Times
Confusion at IndyMac [...]

After a brutal week in the market, my goal is to find enough positive stories to compliment the negativity that is the global markets. These round-ups mirror what is in the business press and economic blogs of importance and most of it just plain stinks. I’ll keep it short for that reason. No [...]

Fannie and FreddieThe Fannie-Freddie Maelstrom Continues – WSJ MarketBeat
The Fannie and Freddie doomsday scenario – Fortune
McCain Says Fannie, Freddie `Vital,’ Must Not Fail – Bloomberg
Kiss of death for Fannie, Freddie? – MarketWatch
FinanceLloyds TSB pulls out of German talks – Telegraph
Lehman Brothers shares tumble to new low on more credit fears – Globe & Mail
PIMCO: [...]

It’s the economy, stupid

Foreclosures’ financial strains take toll on kids – USA Today

It’s All Over But the Dating for U.S. Recession: Caroline Baum – Bloomberg

Los datos parciales hasta mayo apuntan a un crecimiento cero de la economía española – El Pais

Excuse Me, Do You Work Here? No, I Just Need to Fold Clothes – [...]

Real economy

Why GM Should Embrace Bankruptcy – Market Movers

UK not OK – FT($)

Real world

Much of U.S. West Coast Under `Explosive’ Fire Threat – Bloomberg

Anglican Vote on Female Bishops Sparks Threat of Separation – Bloomberg

American Obesity – Market Movers

Can’t Keep the Weight Off? Maybe Leptin Is the Culprit – WSJ($)

Obit

John Templeton, Global Investing Pioneer, Dies at [...]

North AmericaGM plans thousands more job cuts: report – Financial PostSt. Louis Fed Economist: Let Mortgage Mess Resolve Itself – Housing WireHome Prices Fall in 23 of 25 U.S. Metropolitan Areas – BloombergTSX falls more than 300 points on declining resources – Financial PostDeutsche, UBS Fight History With S&P 500 Forecasts – Bloomberg
EuropeECB Rate [...]

PoliticsBritain must act to prevent an attack on Iran – FTCongress tries to tighten commodities loopholes – MarketWatchObama Faces Resistance From Top Supporters of Clinton – WSJ
EconomyGM Weighs More Layoffs, Sale of Brands – WSJRecession is not the worst possible outcome – FTLufthansa Faces Flight Disruptions Over Walkouts for More Pay – Bloomberg
MarketsTIPS Flunk Inflation [...]

PoliticsBush to Keep Pressing Iran, North Korea on Nuclear Programs – BloombergArgentina agricultural-export tax clears a hurdle – MarketWatchAmerican Energy Policy, Asleep at the Spigot – New York Times
EconomyWhat Safety Net? The Precarious Financial Lives of American Families – NY TimesRecession threat as UK jobs vanish – TelegraphUK plc faces bear market as [...]

BankingThe Credit Crisis Is Going to Get Worse – WSJEuropean Banks May Need EU90 Billion, Goldman Says – BloombergUniCredit May Eliminate 2,500 Jobs at HVB, Euro am Sonntag Says – BloombergPost Wants EU10 Billion for Postbank, WirtschaftsWoche Says – BloombergTPG’s coldly calculated Bradford & Bingley move raises questions – TelegraphLogic [...]