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.