Wednesday Night Reading (33 Stories, Aug. 11, 2010)

• Deficit in July Totals $165.04 Billion

• Bank Bailout Ethics Charges Cite Role of Maxine Waters's Grandson

• Why we MUST let bankrupt states go broke

• Obama Signs $26 Billion Bailout for Cash-Strapped States

• STUDY:  Federal workers earning double their private counterparts

• David Stockman:  It's a debt train about to collide with federal obligations

• Ken Rogoff -- We're nearing the national debt point of 'no return'

• America Is 'Bankrupt Mickey Mouse Economy'

• Primer: Six Things Happening Right Now With FinReg

• Why I'm Not Hiring -- When you add it all up, it costs $74,000 to put $44,000 in Sally's pocket and to give her $12,000 in benefits.

• Rand Paul kidnapping story is not true: source

• Anti-Stimulus speech from Sen. Tom Coburn

• Grisly details on Ted Stevens' plane crash

• Fooled by Stimulus - Structural Problems Still Intact (MISH)

• US posts widest trade gap in 20 months

• CFTC and SEC to release FLASH CRASH report in early September

• A Japanese-Style Lost Decade? We Should Be So Lucky

• Feds rethink policies that encourage home ownership

• Obama Administration to Provide $3 Billion MORE in Housing Aid

• Treasury Issues Correction on Loan Mod Program Default Numbers

• Reporters looking for YOUR loan-mod stories

• HUD Offers NEW $50K Interest-Free Loans to Reduce Foreclosures

• Executives at health insurance giants cash in as firms plan fee hikes

• Real estate, attorney scams rise amid foreclosures

• CNN POLL -- Only 42% Believe Obama Born in U.S.

• CNN POLL Results in Detail

• Original Obama Birthers were Hillary Clinton Supporters (very interesting)

• Blago Jury Says It Cannot Reach Unanimous Verdict

• Chicago couple wouldn't sell home to black family
  

• Marco Rubio responds to Harry Reid's 'Hispanic' remarks (VIDEO)

• Florida AG proposes tougher illegal immigrant law than Arizona

• Scientists find new superbug spreading from India

• The Moonlighting Cop, The Wanna Be Mogul and The Killer App That Wasn’t

---

Comments

[mark mchugh]

Great set of headlines, DB!

No way I'll get to them all, but thanks.

[DailyBail]

what?...links overload...welcome to my world...

[DailyBail]

It’s about time: the government’s role in housing finance has ballooned since the start of the mortgage crisis. Despite their central roles in the housing bubble, the Federal Housing Administration, Fannie Mae and Freddie Mac now back more than 95 percent of new mortgages. In 2006, at the height of the housing boom, the F.H.A.’s share of the mortgage market was 2 percent; today it’s around 30 percent. Given that the agency’s requirements on down payments and creditworthiness have been less stringent than Fannie Mae’s, that should concern all taxpayers.

http://www.cnbc.com/id/38669791

[DailyBail]

The Bush Tax Cuts and Fiscal Responsibility

By SIMON JOHNSON AND JAMES KWAK

http://economix.blogs.nytimes.com/2010/08/12/the-bush-tax-cuts-and-fiscal-responsibility/

[S. Gompers]

JTS, there is a story here you will be interested in...

[DailyBail]

The threat of the 'fake fishermen': How BP may be paying out millions in oil spill compensation to fraudsters

http://www.dailymail.co.uk/news/worldnews/article-1302463/How-BP-paying-millions-oil-spill-compensation-fraudsters.html#ixzz0wRez7qdC

[DailyBail]

'99ers' looking for help, plan to hold rally on Wall St. to demand unemployment benefits

http://www.nydailynews.com/ny_local/2010/08/08/2010-08-08_99ers_looking_for_help_a_curse_becomes_a_cause_as_jobless_benefits_expire.html

[DailyBail]

The '99ers' Share Their Stories

Editor's Note: Last month, Congress extended federal unemployment benefits for people who had been out of work up to 99 weeks. But for the millions of Americans who have been jobless longer than that -- the "99ers" -- there will be no more checks coming.

Tonight on the NewsHour, Paul Solman talks to 99ers, and to economists who disagree over whether the government should extend their unemployment benefits even longer.

In reporting this story, we received letters from dozens of 99ers talking about their experiences. We've posted nine of them, anonymously, below.

We'd like to hear from others of you as well -- if you're a 99er, post your story in the comments section below.

http://www.pbs.org/newshour/businessdesk/2010/08/letters-from-the-99ers.html