Auto Bailout Dies in Senate – New York Times Treasury Considers Using TARP for Bailout – Bloomberg U.S. Stocks Advance – Bloomberg PPI Falls 2.2% – RealClearMarkets Retail Sales Fall 1.8% – RealClearMarkets Europe and Asia Down – New York Times Oil Pares Losses After Bush Says Bank-Bailout Money May Fund Auto Rescue – Bloomberg [...]

House Passes Auto Bailout – New York Times Crude Oil Surges Most in 5 Weeks – Bloomberg Jobless Claims Surge – RealClearMarkets Gold Rises to Eight-Week High – Bloomberg Change is Coming to the World of Finance – BusinessWeek We Need a Bailout Exit Strategy – Wall Street Journal Is the Bear Market Finally Over? [...]

Consumer Prices in U.S. Decline 1% – Bloomberg Oil Tanker Piracy Shows Supply Vulnerability – Investor’s Business Daily Construction Hits Record Low – RealClearMarkets Defusing the Credit-Default Swap Bomb – Barron’s Saudi Oil Tanker Owners Are In Talks With Pirates on Ransom for Ship, Crew – Bloomberg Fossil Fuels and the Great Energy Delusion – [...]

Buffett: My Fix for the Economy – CNNMoney Time to Bet on an Oil Crunch – CNNMoney Trichet Says ECB Discussed Rate Cut as Growth Slowed – Bloomberg Lumber Plunges to 17-Year Low as Slumping Economy Cuts Demand – Bloomberg Gold, Silver Futures Fall On Speculation Bailout Bill Will Pass – Bloomberg Short-Selling “Math Geek” [...]

S&P Sinks Most Since 9/11 Terror Attacks – Bloomberg The Brave New World of U.S. Finance – Barron’s U.S. Firefight Switches to AIG – Financial Times Oil and Commodity Prices Plunge – Financial Times Fed Expands Lender of Last Resort Role as it Draws Bailout Line – Bloomberg Gold, Silver Gain as Investors Seek Safe [...]

The stock market was hit hard Monday morning after a weekend that saw two Wall Street heavyweights essentially disappear. Lehman Brothers, 158-year-old firm, was forced to file for backruptcy, the biggest in history, after failing to find a buyer. Meanwhile, Merrill Lynch, another one of America’s oldest financial institutions battered by the credit crisis, was [...]

Fed’s Next Move Could be to Lower Rates – CNNMoney Uncle Sam: $407 Billion in the Hole – CNNMoney Bond Traders Lose ‘One Night Stands’ in Credit Crunch – Bloomberg Fed Loans May Give Lehman Breathing Room Bear Stearns Lacked – Bloomberg Platinum Declines to 18-Month Low in London as Car Sales Slow – Bloomberg [...]

What’s Next for Fannie & Freddie – Forbes Living in a World of Extreme Moral Hazard – Financial Times The Bailout’s Real Winner? People’s Bank of China – Slate OPEC to Keep Production Steady – RealClearMarkets Oil Drops to Near $100 – Bloomberg Is China Really an Economic Threat – RealClearMarkets Stunning Use of Federal [...]

U.S. Takes Control of Mortgage Giants Fannie & Freddie – Wall Street Journal LTCM Is a Short-Term Memory – New York Times A Delicate Balance in Fannie/Freddie Action – Financial Times The Economy’s Uncertain Outlook – Weekly Standard Welcome to the Mortgage Business – Ciovacco Capital Is the Dollar Really King? (PDF) – Brown Brothers [...]

Four Big Banks to Kickstart Covered Bond Market – MarketWatch Beijing Restrictions May Cut Gas Demand – Barron’s Fuel Subsidies Overseas Take a Toll on U.S. – NYTimes Economics Does Not Lie – City Journal Is Your Bank Safe – BusinessWeek Is Bailout Madness a Prosperity Killer (Video) – CNBC Pessimists Are Basing Gloom on [...]