Because businessmen love lists, here is a list of some of the important stories surrounding the ongoing financial crisis.
- 12 Steps to keep Ben Bernanke awake at night.
- As inflation looks more and more probable, the price of oil jumps to a new record high of $100.10, and, of course, the markets react.
- With U.S. Treasuries already near historic lows, analysts are seeing a market at near capacity as the government is forced to sell off billions more in deficit spending. While central banks with large inventories of treasuries and such securities should be the most nervous, every American citizen should probably share their concern.
- The Fed's new Term Auction Facility, created to help inject liquidity into the banking system has been extensively used, to the tune of $50 billion. The only problem is that the collateral behind these short-term, one month loans is collateral that wouldn't be accepted by other parties.
- The credit crunch is threatening to bury Boston's "Big Dig."
- Credit default swaps, according to the Office of the Comptroller of the Currency, now measure more than the amount of U.S. Treasuries outstanding.
- Credit Suisse's CDO headache
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