Friday morning links

TOP STORIES
Payrolls plunge by stunning 533,000 in November - MarketWatch
Auto bailout could be tied to gov't-run overhaul - AP
Fake inflation numbers masked crisis - MSN Money
Taxpayers: Furious over homeowner bailouts - CNN/Money
California May Pay With IOUs for Second Time Since Depression - Bloomberg
America's 'other' auto industry - Christian Science Monitor
AP IMPACT: Some bailout holdings down $9 billion - AP
Lower mortgage rates no silver bullet - CNN/Money

MARKETS/INVESTING
Oil near 4-year lows on dire economic news - AP
Commodity Fundamentals Are ‘Unimpaired,’ Rogers Says - Bloomberg
High Anxiety About High Yield - NY Times
When the golden eggs run out - Economist

ECONOMY
Employers cut 533K jobs in Nov., most in 34 years - AP
Is US now stuck with irrational pessimism? - Christian Science Monitor
Retail Sales Are Weakest in 35 Years - NY Times
What $2 gas means to you - MSN Money

INTERNATIONAL
Global house prices: Popping sounds - Economist
German orders collapse stirs fears of record slump - Reuters
Bank has little option but to ready the printing presses - Telegraph
Bank of England mulls "nuclear option" of cash injection - Telegraph
Trichet Under Pressure to Outline Plan for Deflation - Bloomberg
Canada Nov job losses biggest in 26 years - Reuters
Russia Weakens Ruble Defense After Record Drop in Crude to $39 - Bloomberg
ECB cuts to 2.5pc and mulls "printing money" - Telegraph

HOUSING
FDIC’s Bair Sets to Shatter CRA “Myth” - HousingWire
Home prices may bottom out next year - Oregon Business News
9 Housing-Market Head Winds for 2009 - US News
Tell us ‘When will housing bottom?’ - OC Register
Mortgage rates plummet after Fed action - CNN/Money

FED/TREASURY/BANKING
Treasury’s Kashkari Says TARP Working, Banks Obligated to Lend - Bloomberg
Fed Takes a $3 Trillion Gamble to Spur Lending - Bloomberg
Bernanke: Housing Recovery Requires Taxpayer Dollars - HousingWire
Lockhart Says Recession Worsens, Job Losses to Grow - Bloomberg
Fed, Treasury have authority to bail out automakers: GAO - MarketWatch
Fed’s Evans Says Economy to Face Poor Performance - Bloomberg

INTERESTING
Boeing may further delay 787 Dreamliner: WSJ - MarketWatch
Legal fight with Deutsche Bank offers glimpse into Trump's dealings - IHT