California: Obama says no to aid

The Washington Post is reporting that the Obama administration has rejected initial pleas from the State of California for U.S. Government aid. However, the post report reveals that Tim Geithner told California it must make get its fiscal…

Links: 2009-06-16

Moody's bank downgrades, pain in Spain edition - FT Alphaville 25 banks get downgrades. Santander gets negative watch. Lincoln National to Take Federal Bailout Funds - DealBook Is this getting any press? They are not a…

The Great Depression II meme

Last night I wrote an article reminding you that downside risk remains in the global economy.  While I have been singing a more bullish tuneregarding the prospect of a technical recovery in 2009, I am concerned about a double dip as a…

Links: 2009-06-15

The crucifixion of Latvia - Ambrose Evans-Pritchard, Telegraph"Contrary to revisionist talk, Argentina was not a basket case. Its imbalances were no worse than those of the Baltics, Balkans, Spain, or Greece, and arguably better. It ran…

Links: 2009-06-14

Geithner's Plan on Pay Falls Short - Yves SmithGeithner is not going to interfere in private companies' ability to make executive contracts. What is the likely outcome for pay then? How can pay be reformed? What is Different this Time?…

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