Nothing much worth discussing at length and I am sleep deprived, so here are some links worth reading:
China having big problems. Nothing new here, just more confirmation:
http://www.nakedcapitalism.com/2009/01/setser-hot-money-fleeing-china.html
Citibank doing major moves to survive in a smaller mode. This is a good thing. The financial 800 pound gorillas need to become monkeys that are more agile.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBWY6gY52_R8&refer=home
http://online.wsj.com/article/SB123185686674677225.html
FHLB banks in big doo doo, go figure. The U.S. government put a gun to their head and made them pull the trigger with a massive addition of bad debt. The monitors are now showing they are brain dead and have been for some time. Go figure.
http://online.wsj.com/article/SB123185686674677225.html
Disclosures: None
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