Government Seizes WaMu and Sells Some Assets - NYTimes.com. Glad I didn’t move my banking over to Wasington Mutual. This might finally put a sag in Seattle housing prices.

Talks Implode During a Day of Chaos; Fate of Bailout Plan Remains Unresolved - NYTimes.com. this sound like an episode of The West Wing

Argentina’s Economic Collapse. hour long documentary about the economic collapse. every time i see stuff about argentina it reminds me to open a forex account in a place like switzerland.

The end of Wall Street may mean less profit for Goldman, Morgan - MarketWatch. both applied to be banks on Sunday. So there’s literally no major brokerages left.

A Year of Heavy Losses - Interactive Graphic - NYTimes.com. a good grpahical explanation of the losses.

Diamond and Kashyap on the Recent Financial Upheavals - Freakonomics Blog. on why certain companies got bailed out and others did not.

Canadian Business Blog » $5.7 billion in bonuses. That’s what Lehman Brother employees got in 2007. 9 months later they were broke.

reportonbusiness.com: ‘In 1932 these big banks didnt go bankrupt. random comments from bankers, CEOs, and economists on the recent wall street bankruptcies.

Essay - Long-Term Capital - It’s a Short-Term Memory - NYTimes.com. Author of ‘When Genius Failed’ draws comparison to the Bear failure and Fannie/Freddie bailout.

Lehman searches for survival options - Forbes.com. are you fucking kidding me? how did i not hear about this earlier in the week?

Jim Rogers and Warren Buffett at Odds on Fannie/Freddie Bailout. Jim Rogers called the US “more socialist than China”.

Our phony economy - Harper’s Magazine. RFK summed this up quite well 40 years ago. via ram.

I.O.U.S.A. - Trailer. The inconvenient truth about the US economy

Consumer credit rose $14.33B in June “or at a 6.7 percent annual rate, to $2.586 trillion”. i think the US economy might just be running on fumes at this point.

Bloomberg.com: Loonie Loses Currency Wings as Canada Hurt by U.S. Some predictions of the USD getting back to $1.10 or $1.15 this year.

Bloggasm » Did This American Life affect the media conversation about the mortgage crisis?. post about how good This American Life’s piece was about the credit crunch.

Philip Greenspun’s Weblog » Fannie Mae bailout: Taxing America’s poorest citizens to help the richest. great quote in there about using decimation on the senior VPs.

Roger Lowenstein on Moody’s and the failure of credit agencies in the credit crunch.. Lowenstein is the author of When Genius Failed. via amr.

Condo Life: Foreclosures, Higher Fees and Mowing the Lawn - New York Times. life of condo owners screwed by other residents foreclosures. crazy.

US property foreclosures up 65% | guardian.co.uk “The figure was up 4% on March and experts suggested that the rate of increase would be higher were it not for a logjam at courtrooms”. the carnage continues.