Mexico Treasury Seeks Measure Favoring Citigroup – Deal Book “A statement from the Mexican Treasury Department said it will ask lawmakers to change a current law that bans foreign state participation in local banks in order to permit government bailouts in cases of economic crisis. It gave no timeline for the plan.”
Did AIG explicitly lie about its bonuses? – Glenn Greenwald Here’s an interesting factoid: “Treasury Secretary Timothy Geithner told CNN Thursday his department asked Sen. Chris Dodd to include a loophole in the stimulus bill that allowed bailed-out insurance giant American International Group to keep its bonuses.”
Nineteen US states go after AIG – BBC News This is a clear case of ‘piling on’
FDIC Closes Sale of Indymac, Loses $10.7 billion – Calculated Risk see my re-post below from just after Indymac went bust. I said then, and I still believe, the FDIC needs a lot more money or it will be bust. Sheila Bair has already requested $500 billion. Ouch.
Employment (still weak – these blurbs all came out this morning)
- The Many Ways to Reduce Your Water Use – Life Hacker
- Internet Explorer 8 Available for Download – Life Hacker
- GMail Adds “Undo Send”. No More Regretful Emails – The Next Web
- Does the FDIC have enough money? In light of the massive losses at Indymac, I am re-posting this one from July.