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Recommendations for financial reform from Volker committee: http://rurl.org/1bd1
Excess cash and risk seeking and other worthwhile mkt themes: http://rurl.org/1bd2
What needs to be done for the financial crisis: http://rurl.org/1bdh
Finding opportunities in stocks in 2009: http://rurl.org/1bdi
Analyzing a downside trap in the mkt: http://rurl.org/1bdj
Middle class falling into poverty: http://rurl.org/1bdl
Business segments that are experiencing no recession: http://rurl.org/1bdk
Creating a bad bank to hold toxic debt: http://rurl.org/1bbt
Zombie companies weighing down the economy: http://rurl.org/1bbv
Looming threats to living standards in US: http://rurl.org/1bbw
A look at deflation: http://rurl.org/1bby
Worthwhile series of posts from Ray Barros, incl. managing a trade by anticipating possible outcomes: http://rurl.org/1bbz
Financial sector drops in SPX weighting; Tech back to #1: http://rurl.org/1bcy
Sector returns for 2009; financials dragging down SPX: http://rurl.org/1bcz
Gov’t stimulus programs not the answer to financial crisis: http://rurl.org/1bd0
InternetPlays.com
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Facebook: http://tinyurl.com/29fqep

Chairman and Chief Executive Officer Of GE  Jack Welch said the U.S. economy faces a deep downturn in coming quarters, and he supports a proposed $700 billion government rescue package for the financial sector.
“I now believe we are in for one hell of a deep downturn,” Welch told the World Business Forum in New York on Wednesday, adding that the first quarter of 2009 will likely be “brutal.” Full read : http://tinyurl.com/438j34
Reid: Bush Guilty of ‘Fiscal Dereliction of Duty’
Senate Majority

Financial markets were tense Wednesday, with stocks fluctuating following investor Warren Buffett’s decision to invest $5 billion in Goldman Sachs Group Inc. The credit markets showed added strain as investors await news about the government’s plan to rescue banks from crippling debt. Full read: http://tinyurl.com/5xngch
Fed sets $30 billion swaps lines with Nordics, Australia
The Federal Reserve set new currency swap lines worth $30 billion with central banks in Scandinavia and Australia on Wednesday t

A recap of the goings on and articles from around the web.
“Heading into a recession” ? S&P 500 Sinks Most Since 2001 Terror Attacks
Stocks erased more than $600 billion in value as financial shares in the S&P 500 decreased the most since at least 1989, according to data compiled by Bloomberg. American International Group Inc. sank 61 % and Washington Mutual Inc. decreased 27 $. Concern the U.S. is heading for a recession pushed oil lower, prompting a drop in energy stocks, and sent General Electric Co

Tiny Companies - Huge Potential
Although security is an admirable concern in a down market, investors could be doing something better with the $3.5 trillion dollars they’ve tucked away in money-market funds. You won’t get rich earning 1.9%, the recent average money-fund yield. Rather, you’ll make the big bucks with bold moves that may appear foolhardy at first. Today, one of those moves appears to be stashing money in micro caps - the smallest of small companies. Full read: http://tinyurl.com/52z43y
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Maybe they should just halt Lehman Brothers already(LEH) , the stock already looking to open very low this morning , in the three dollar range. All other financials are looking super bloody this am as well, with Merrill Lynch(MER) in the teens, Citigroup (C) trading around $17 per share and Washington Mutual(WM) approaching penny stock status! 
“Lehman failed to find anyone to invest necessary capital. With Washington Mutual potentially needing some in the future, the market is taking the opportunity to

Will today be as crazy as yesterday was? Probably not, but here’s what breaking this AM :
Oil prices slumped closer to $100 dollars a barrel today ahead of the start of today’s Opec meeing in Vienna, putting more pressure on the oil producers’ cartel to cut supply to the markets. read Full Story
As heard in the room @ IP
“NVDA strength attributed to chatter of a story out of Asia suggesting co could be acquired”
“dont be surprised if EFUT takes off”
” DIA 115.80ish the number to beat today

The FDIC has been keeping a close eye on banks and thrifts with high levels of exposure to the riskiest borrowers and markets, officials say, including sub prime mortgages and construction loans in overbuilt areas.
http://tinyurl.com/5qteaq

Some symbols to keep your eyes on:
EN PAY DECK LM GPS HEK GW IWM USO YHOO SINA QQQQ PDS LLY CSCO NYT

... Millions of shares of stock are being sold that may not exist. How? Through an obscure trading strategy known as naked short selling. Bloomberg Television's Special Report ...

To spoof a spoof is difficult, but here’s our best effort.

News special on naked shorting

NYSE seen from the members gallery on August 9, 2007

ali g talks to teh chief economics advisor to Ronald Reagan

Cramer is crying out for a rate cut. Be sure to check out another Cramer video from July on a very

Budd Fox makes sacrifices