Bailout News Links: Fannie, Geithner, Citi, BAC, Thain and Lewis 'Tour of Lies'
Jan 26, 2009 at 10:58 PM

This morning in our bailout news round-up, there are several stories to cover.  Geithner got the job in an easy vote despite his tax issues.  Phoney has made a formal request to Treasury for $16 billion in emergency funds (they'll need much, much more before it's over).  Shittygroup took possession of their new custom, corporate jet that you paid for, and the 'Thain and Lewis Tour of Lies' blossoms into a 'she said-she said' cat fight.  Good stuff.

These stories plus about 30 more await you on the other side, including word of stress-release squeezable, banker dolls resembling Paulson, Bernanke and others.  You can't make this stuff up. 

Don't be afraid to click, we promise there are no needles.  Just lean back and relax while you take a leisurely stroll down bailout lane.


Phoney needs an emergency $16 billion to stay afloat     bloomberg...this is just the begining.  before it's over, you can expect the tab to your children to be in the $200 billion range and perhaps as much as $400 billion(worst case) to keep phoney and fraudie functioning.

Should bankers face the death penalty?    clusterstock

How america embraced 'Lemon Socialism'   fmr. labor secretary robert reich

Thain memo to merrill employees says Lewis KNEW about losses  cat fight begins

Bank failures to spike in 2009     CNN  Fortune

Bloody Monday: more than 71,000 job cuts announced today  CNN Fortune  has a great table in the right side column listing the total job cuts in 2009 by major corporations.  it's a very long list and a great resource for those who want these numbers in an easy-to-read format.

Banks have stolen enough: Time to sieze      Economist Dean Baker from the huffpo site  nice read.

How to fix the bank bailout     nobel economics winner 2001 Joseph Stiglitz  recommended

Nationalization gets look see from Obama     NYTimes

Role of news media in fiancial crisis   TPM Cafe

Housing endgame  chart and graph porn.  wonkish.

Thain: shocked to be fired and says ken lewis KNEW about merrill losses    clusterstock  the cat fight continues.  includes summary, full text plus video of thain interview on CNBS. 

Lewis: merrill losses were a shock   clusterstock via Gasbag

Geithner confirmed 60-34   it's now official.

Citi's new custom, corporate jet on your dime     NY Post

Senator Levin of michigan demands geithner scuttle Citi's plane purchase   thank you sen. levin

China puts limits on pay for bank managements    clusterstock

Lehman's Fuld sells mansion to wife for $10    NYTimes   Fuld=shady bastard

Bloomberg looks at Morgan Stanley's ceo john mack

Henry blodgett on why banks aren't lending

Newsweek Q&A with chief central banker of zimbabwe   interesting

Here comes TARP version 3 and 4            John Mauldin   minyanville  no surprise here.

Fed moves into uncharted waters         bloomberg 

FDIC looks to limit the interest certain banks may pay to depositors     bloomberg

Fed eyes risks of treasury purchases            bloomberg

Economic cures are like booze for an alcoholic     bloomberg

JPM: when i say insolvent, i mean really, really insolvent    reggie middleton   reggie has gotten everything right for 18 months on the banks.  if you don't read him, you are not fully informed.

Bank market cap losses    beautiful chart porn!

Frustration Dolls:  squeeze the banker and feel better for it   actual dolls of paulson, etc.




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