In Case You Thought I Was Off the Doom & Gloom Express...
MBIA, Ambac Likely to Get Bailout, UniCredit Says: I suspect this is the reason the market rallied yesterday. See my post on credit default swaps from a few days ago. (Update: looky, it made the front of the NYT: Next on the Worry List: Shaky Insurers of Bonds)
And once we get passed the current market volatility: David Walker, Comptroller of the US on how our current standard of living is unsustainable:
Last July on 60 Minutes:
The most striking part was the statement about how you might expect us to present someone who disagrees with David Walker, but no one does.
Jan 9 on the Real Story (apparently on CNN):
