- Government to get majority stake in GMAC, invests yet another $7.5 billion (Bloomberg)
- California falls deeper in budgetary crisis: major propositions voted down (Bloomberg)
- Japan economy collapses 15.2% in Q1 on export slide (Reuters and Bloomberg)
- SEC to be stripped of regulatory duties in favor of Fed (Bloomberg, hat tip Gord)
- Martin Wolf: The crisis is a moment but is it a defining one? (FT)
- The next failed German automotive merger: Continental - Schaeffler (Bloomberg)
- Has gold been manipulated? (Seeking Alpha)
- Jack Welch joins the Obama-Chrysler criticism bandwagon (Bloomberg)
- Where are the natural buyers? (Big Picture)
- CLO funds fail asset tests as downgrades accelerate (Bloomberg)
- Why government can't run a business (WSJ)
- Baum: Economists stuck in the 30s need a decade update (Bloomberg)
- Deere Q2 profit tumbles 42% (AP)
- What will change about credit cads? (The Atlantic)
- Another perspectives on the Patterson-Telegraph debacle (Naked Capitalism)
- $42 billion in automotive pensions unfunded (Mish)
- Taxed out of New York (NY Post)
- Is the Fed overreaching? (Forbes)
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