Thursday morning links

TOP STORIES
US warns of further bank failures - BBC
Trichet Engineers ECB `Regime Change' as Banks Totter - Bloomberg
Taking Hard New Look at a Greenspan Legacy - NY Times
Easy Money Causes Bubble; Easy Money Cures Bust - Bloomberg
U.S. May Take Ownership Stake in Banks - NY Times
Will Britain's rescue plan work? - Christian Science Monitor

MARKETS/INVESTING
Gold falls 2 percent as shares surge on rate cuts - Reuters
Oil Falls as U.S. Stockpiles Swell, Global Crisis Curbs Demand - Bloomberg
Shares climb after intervention - BBC

ECONOMY
U.S. weekly jobless claims fall 20,000 to 478,000 - MarketWatch

U.S. in Midst of Recession as Credit Shrinks, Spending Sinks - Bloomberg
Pending Home Sales Surge - Housing Wire
Retailers’ Sales Fall Sharply at Both High End and Low - NY Times
Is California too big to fail? - Economy

HOUSING
Home Asking Prices Fall: September Report - HousingWire
The home-staging cheat sheet - U.S. News & World Report
Manhattan's Luxury Bubble Pricked - NY Observer

FED/TREASURY/BANKING
Libor Holds Central Banks Hostage as London Makes World Freeze - Bloomberg
Why the $700 Billion Isn't Helping - Time Magazine
Paulson Signals U.S. May Invest in Banks to Shore Up Confidence - Bloomberg

INTERNATIONAL
BOE May Follow Rate Cut With `Another Big One,' Allsopp Says - Bloomberg
South Korea, Taiwan central banks cut interest rates - MarketWatch
China Cuts Rate to Protect Economy That's Now `Big Enchilada' - Bloomberg
Japan's core machinery orders plunge in August - AP
Icelandic Regulator Takes Control of Kaupthing Bank - Bloomberg

INTERESTING
Man Doing Well After Double Arm Transplant - LiveScience
Man's 'Viva Viagra' missile misfires in NYC court - AP