News round-up: 9 Sep 2008

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After an amazing day to the upside as a result of the bailout of Frannie, we have to return to the ho-hum of reality. But, I still have a decent number of reactions to and articles about Frannie in my links.

Personally, I don’t like the bailout but I think options were limited. I have more to say on this later but I’ve had Frannie overload for now.

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In addition to the Frannie fare, I have a few links to two pieces about how to survive the downturn. Beyond that, there’s the usual fare of financial services and politics.

Let’s hope happy Monday means terrific Tuesday.

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Enjoy!

In Government We Trust? Part 2 – Ron Paul
Hurricane Ike Moves Back Over Caribbean, May Strike Cuba Again – Bloomberg

Surviving the downturn
Choosing a Recession Proof Career (Hat tip: reader Helen)
Freddie Mac, Fannie Mae Bailout Lowers Mortgage Rates – Bloomberg

Freddie and Fannie Fallout
The Silence of Lambs – The Nation
Dollar Rises to Highest in About a Year on Fannie, Freddie Plan – Bloomberg
Paulson Wins Support From Buffett, Gross on Takeover – Bloomberg
Rogoff: Is There an Exit Strategy? – Kenneth Rogoff, Guardian
No alternative to nationalisation – Martin Wolf, FT

Financial Services
Lehman Declines as Analysts Predict More Writedowns – Bloomberg
WaMu Drops on Regulatory Scrutiny as CEO Is Replaced – Bloomberg
Downey Financial, BankUnited Fall on Capital Concerns – Bloomberg
Mortgage Bonds Rally Following U.S. Seizure of Fannie, Freddie – Bloomberg
The Power of De – Paul Krugman, NY Times
How a downturn could turn into a disaster – Wolfgang Munchau, FT

Politics
Bush Suspends Proposed Commercial Nuclear Accord With Russia – Bloomberg

Technophile’s corner
After Books, Google is Busy Scanning Old Newspapers of your Great Grandpa’s Era – Digital Inspiration

Odds & Ends
Plaza Buyers of $53.5 Million Penthouses Sue Elad for Fraud – Bloomberg
Tom Brady out for season – Yahoo! Sports

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