Chrysler Files For Chapter 11

Chrysler filed for Chapter 11 bankruptcy protection and will enter into a partnership with Italy's Fiat. Obama said the deal would allow Chrysler to "thrive."

Lies, Threats, Deal: Paulson, Bernanke, Lewis

Revelations that Ken Lewis had his arm twisted at the highest levels of government to buy Merrill should make for some interesting litigation...

By Robert Lenzner
www.forbes.com

Economists see more job losses, 9.8% unemployment

Nearly one in 10 U.S. workers will be unemployed before the job market starts to improve, economists in a USA TODAY survey predict. Most expect continued deterioration in the overall economy over the next six months...

www.usatoday.com

Obama: Clearing economic "wreckage," fixing U.S. image

President Barack Obama sought to reassure Americans on Wednesday he was making progress tackling the economic crisis and in fixing the U.S. image abroad, but urged patience...

U.S. President Barack Obama speaks during his 100-day anniversary news conference in the White House East Room in Washington April 29, 2009....

www.thestar.com

Did Bernanke Bully Bank of America ?

A new report by the New York Attorney General says that government officials bullied Bank of America Chief Ken Lewis into accepting a merger with Merrill Lynch--then ordered him to keep mum about losses at Merrill..

www.forbes.com

Busting Bank of America

The cavalier use of brute government force has become routine, but the emerging story of how Hank Paulson and Ben Bernanke forced CEO Ken Lewis to blow up Bank of America is still shocking. It's a case study in the ways that panicky regulators have so often botched the bailout and made the financial crisis worse..

http://online.wsj.com

Knives out for 'reckless' Bank of America boss

Ken Lewis was preparing for the fight of his life this weekend in a high-stakes battle to retain his job as chief executive of Bank of America when shareholders assemble for the annual meeting of the financial giant...

www.independent.co.uk