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HPD found this: Mish's Global Economic Trend Analysis: Automotive Pension Disaster; $42 Billion in Pension Promises Completely Unfunded
Also from HPD comes word that another bank has bit the dust: BankUnited Bidders Said to Be Told Bank to Be Seized
GG sent this bit of MOAB expansion news in the Wall Street Journal: Fed Boosts Efforts to Aid Commercial Real Estate
Items from The Economatrix:
Geithner: Major Banks Have Raised $48 Billion (Under the new FASB accounting rules or the old?) China Grows More Picky About Debt Local Banks Face Big Losses "Study of 940 lenders shows potential for deep hit on commercial property." Big Changes in Store for US Credit Card Holders John Deere Second Quarter Profit Tumbles 38% US Housing Starts Plunges to Record Low GM Bankruptcy Plan Eyes Quick Sale to Government JPMorgan, Others, Line Up to Throw Off TARP Yoke Gulf Currency Plan on Brink of Failure Japanese Economic Decline: An Awesome Warning Asian Shares Fall on Jitters Over US Recession Gold: Investor Demand Soars Amid Inflation Fears Dollar Hit as Geithner Hails Recovery Hopes Fed: US Economy to Shrink 2% This Year US May Create Financial Product Regulator Day of Reckoning Looms For US Dollar "...a 'serious case of dollar damage' [is] underway." Former Head of Pension Agency Takes The Fifth Very Bad ... And Getting Worse (The Mogambo Guru)
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