That’s enough ‘kicking ass’, Mr President: Barack Obama’s attacks on BP may play well at home, but they are damaging millions of British people (London Times)
Banks with state debt ignore not-if-but-when default (Bloomberg)
As reported, Caja Madrid, Bancaja start moves to form Spain top savings bank, as BBVA says Spain may need €50 billion of capital to infuse into insolvent banks (Bloomberg)
Lehman emails that say “stupid” didn’t stay “just between us” (Bloomberg)
US firms holding record piles of cash underscoring worries about sustainability of financial recovery (WSJ)
Hungary PM says to issue second economic action plan in H2 (Reuters)
The bearish forecasters who rose to fame in the market crash of 2008 have, for the most part, not surrendered their pessimism. Their moment could be coming back around (BusinessWeek)
Daily humor from disgraced car czar Steve Rattner at the only venue desperate enough for clicks to still have him: How Wall Street stokes populist fury (MSN)