-A prestigious group of 192 economists, including Nobel Prize winners, has written a letter slamming the bailout.-Reuters is reporting that a tsunami of anger is building over this financial crisis.
-BusinessWeek is reporting that the Internet has been flooded with anger about Treasury Secretary Paulson's proposed $700 billion bailout, and this anger is inspiring old-fashioned street protests.
-Is this bailout a $700,000,000,000 power punch?
-Meanwhile, banks and investment firms have ramped up their borrowing from the Fed.
-In the largest bank failure in U.S. history, Washington Mutual has been seized and sold off to J.P. Morgan Chase.
-U.K. banks hold 175 billion dollars of bad assets that could qualify for the U.S. bailout plan.
-The staggering incompetence of U.S. Treasury Secretary Henry Paulson is now being discussed in foreign papers.
-On another topic, check out this great article about giants in the ancient world.
-Lastly, hundreds of churches across the nation on Wednesday kicked off a 40 day fast to rally support for the California marriage amendment and to ask God to send revival.
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