We fought AIG and AIG won

http://dealbook.blogs.nytimes.com/2009/04/21/we-fought-aig-and-aig-won/?ref=business

Tim Geithner a nice in the wrong job

http://www.portfolio.com/executives/2009/04/22/Treasury-Chief-Tim-Geithner-Profile?page=3#page=3

Short points:
He is lacks knowledge.
He is does what summers tells him.
He has no clue WTF is going on.

Freddie and Fannie in Big trouble

http://www.ritholtz.com/blog/2009/04/delinquencies-rising-at-fannie-freddie/

Banks Reject U.S. Terms for Cutting Chrysler Debt

http://online.wsj.com/article/SB124034225632440083.html?

With 9 days to go, both sides are far apart. Also with so many lenders I would doubt we see this coming together.

This conflicting view is likely due to several things, such as the fact the larger banks bought or paid full price for billionsof Chrysler bank debt, while smaller holders bought theirs at a steep discount and would likely make a tidy profit even in a quick liquidation of Chrysler, said people involved in the talks.

They are worth more dead now to almost all the small lenders.

Federal Borrowing Quadruple

http://www.businessinsider.com/federal-borrowing-quadruples-2009-4

“Tax receipts are just collapsing,” said Chris Ahrens, head of interest-rate strategy at UBS Securities LLC in Stamford, Connecticut, one of 16 primary dealers required to bid at Treasury auctions. The need to sell more debt “is a big issue in the Treasury market and it is ongoing. The surging budget deficit is the primary cause.”

In the end more spending is not the answer. It will soon be time for hard decisions to be made.

Get rid of the Air Force?

http://www.nytimes.com/2009/04/21/opinion/21kane.html

AP Exclusive: Fed tests harder on regional banks

http://finance.yahoo.com/news/APNewsBreak-Fed-tests-harder-apf-14987065.html?sec=topStories&pos=main&asset=&ccode=

So much for Key, RF and FTIB