News

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 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…

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?…

Leader Limbaugh: Chalk One Up to Obama, DNC - 538 Limbaugh tops the list--not only among Democrats, but Republicans and all national adults surveyed--as the figure identified as "the main person speaking for the Republican…

Letterman Defends Palin Jokes - Political Wire The jokes were over the top really. But Palin is obviously pandering to a certain segment of the population in her response here. Some of the routine was genuinely funny, but, on the…

California nears financial ''meltdown'' as revs tumble Can you say "Bankruptcy or Obama?" Countrywide Exec Warned The Fed On Toxic Mortgages - Tom Lindmark Apparently, the head of risk at CFC was ignored not only by senior…

Oil rises near $71 after large fall in U.S. crude stocks "Oil raced toward $71 a barrel on Wednesday, after settling above $70 for the first time in seven months on a larger-than-expected fall in crude oil stocks and a forecast that…

Supreme Court Delays Sale of Chrysler to Fiat - DealBook Blame Reagan for our financial mess? - Bill Fleckenstein "The actual offending cancerous legislation that kicked off the move toward extra reckless lending did involve then-Rep.…

Green shoots? How about a 'double dip' - Globe & Mail "One trigger for a relapse, some of the double-dippers say, is a likely clampdown on government spending and a hike in interest rates within the coming year. “The question is…

I have not been doing my technology links recently due to time limitations. So I am running a special tech version of the links. Every story in today's links is a tech story except the last two. My favorite is the Best Downloads story…