Armageddon Watch

The FDIC is bankrupt.

The Sacramento Bee's primary political columnist says California will default on its debts.

The New York Times says America's option-ARM is about to reset.

23% of homedebtors owe more than their houses are worth.

Gold hits yet another new high.

Nine months after Obama's porkulus package, we're still way above the 8% unemployment he promised we wouldn't see. In totally unrelated news, Obama's approval ratings hit yet another new low today.