Florida’s BANKUNITED Goes Bust; Year’s Biggest

California Cities Irked by Borrowing Plan

Recession Turns Malls Into Ghost Towns

Fed President Says Inflation to Increase

GM Bankruptcy: As Early As Next Week

Republican lawmakers slam restructuring plan


44 states lost jobs in April, led by California

Senate Approves $91.3 Billion War Spending Bill

Obama Signs Bill Tightening Defense Spending

White House Reportedly Prepares for GM Bankruptcy

Dollar Decline Begins In Earnest as U.S. Deficits Climb

U.S. Dollar In for Some Tough Months Ahead

Government Employees Never Get Voted Off The Island

Another Opinion on Waxman-Markey: Washington Post

Cap and Trade Quote of the Day

Cap and Trade Bill Moves Forward on Waxman’s Artificial Timeline: High Costs Remain

EPA’s Flawed Cap and Trade Analysis

Morning Bell: How Big Labor Hurts You

From SurvivalBlog:

Mish’s Global Economic Trend Analysis: Automotive Pension Disaster; $42 Billion in Pension Promises Completely Unfunded

BankUnited Bidders Said to Be Told Bank to Be Seized

Fed Boosts Efforts to Aid Commercial Real Estate

Geithner: Major Banks Have Raised $48 Billion

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