Sunday morning links

TOP STORIES
• CIT in talks with bondholders, as bankruptcy looms - Reuters
• Deal possible Sunday on California budget - AP
• Bank profits not as impressive as they seem - AP
• Fiscal ruin of the Western world beckons - Telegraph
• Depressionary bust in Ireland is echoed in California - Credit Writedowns
• Regulators shut banks in Calif., Ga. and SD - AP
• Goldman's Sudden Boom Could Be a Bust for Obama - Time
• Republicans seek economic wisdom from Greenspan - Reuters

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MARKETS/INVESTING
• Big tech earnings week will reveal economic trends - AP
• Swiss banks have no space left for gold! - Commodity Online
• Energy gap means nuclear power is a must - Telegraph
• Gold: Scrap sellers beat miners in gold market - Commodity Online
• Do Intel's numbers spell recovery? - MSNBC
• Investing in a recession: 10 tips - Telegraph

ECONOMY
• Preview: Home Resales, Leading Index Probably Rose - Bloomberg
• What Economy?There's Nothing Left to Recover - CounterPunch
• 6 Small Steps Toward a More Normal Economy - US News
• 9 reasons the economy won't recover soon - MSNBC
• When, Oh When, Will HELP Be WANTED? - Wash. Post

INTERNATIONAL
• China’s Wide Reach in Africa - NY Times
• Australia mustn't "lose face" in Rio row with China - Reuters
• U.K. Economy Will Shrink 4.4% This Year - Bloomberg
• Swiss minister to meet Clinton ahead of UBS deadline - Reuters
• Zhou: China Should Ease Restrictions to Spur Investment - Bloomberg
• Marcus Named as South African Reserve Bank Governor - Bloomberg
• Jakarta Hotel Bombers Linked to Jemaah Islamiyah - Bloomberg
• Banks at root of declining housing market in Spain - Barcelona Reporter

HOUSING
• Outlook for Las Vegas housing grim - LVRJ
• Financial Invention vs. Consumer Protection - NY Times
• Commercial real estate slumps hard in the Southland - LA Times
• Seattle's Federal Home Loan Bank in big trouble again - Seattle Times

FED/TREASURY/BANKING
• In Washington, One Bank Chief Still Holds Sway - NY Times
• Banks Lean on Investment Banking for Profits - Bloomberg
• Windfalls for Bankers, Resentments for the Rest - NY Times
• Banks with bailout funds say loans rise: survey - Reuters

INTERESTING
• Will Chromosome Y Go Bye-Bye? - ABC News
• Area suicides show heavy toll of recession - Houston Chronicle
• Swoopo: The crack cocaine of auction sites? - MSNBC
• Day trading: 'I lost £200,000 in a day' - Telegraph

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