Despite the Miracle of the Sacred Bailout, the world economy is shattering & sinking. Now the Federal Reserve has a new brainstorm: "Hey kids, let's buy vast amounts of unsecured short-term debt that companies use to finance their day-to-day activities!"

I'm sure this retreat at the St. Regis Resort Monarch Beach is going to do wonders for our moribund economy. Revealed during a hearing on AIG at a House Committee on Oversight and Government Reform Committee, Sen. Henry Waxman and others blasted AIG.

California is apparently in dire straits - so much so that AHnald has sent a letter to Treasury Czar Henry Paulson with feelers for $7 billion dollars from the Feds. Hey, where do we get in line?

Unreal...he already put an X on the line...

Liberals recoiled at government checks rescuing Gucci-wearing Masters of the Universe. There were those who sniped that this was a "No Banker Left Behind" program.

Washington Post-ABC News poll shows concern from the electorate that the failed economic bailout package would not have done enough for the ordinary American, but it's failure could lead to a more severe economic decline.

"Doing nothing is not an option," House Majority Leader Steny Hoyer, D-Md., said after seeing the $700 billion emergency package for the nation's financial systems fail 228-205 on Monday.

In this article, the pros and cons, as well as the likelihood and feasibility, of returning to the gold standard will be set aside. The analysis is based on a gold standard in which all paper currency is theoretically backed by gold.

Japan's benchmark Nikkei stock index has fallen almost 5% in early trading, hours after a US financial rescue plan failed to gain Congressional backing.

The CEOs of Ford, Chrysler & General Motors met Wednesday afternoon with House Speaker Nancy Pelosi. The topic on the table? Federal rescue of the ailing automakers in the form of $25 billion in loan guarantees from Uncle Sam. It seems they came away :).