Back in the US of A, the feds have decided the results of the stress tests are not to be released on the May 4 deadline as promised. One is reminded of the pathetic delays of the Bush administration’s report on WMDs in Iraq. What could be so sensitive in the stress tests results that the public, who funded the tests, can’t be apprised of?

Paulson heads back to congress…  BOJ cuts rates to below the US…  China to continue increasing the value of the Renminbi… And Now… Today’s Pfennig!

A tentative Bush Administration plan aimed at keeping as many as three million homeowners who are behind on their mortgages from losing their houses will be difficult to administer, and could end up costing the country hundreds of billions of dollars more than the plan’s architects expect.