The dogs in the street know Washington is going to have to come up with more cash to plug the gaping holes in banks’ balance sheets. Of course, our Orwellian government doesn’t want us to think that major banks such as Citigroup and Bank of America are insolvent.

Bill is traveling for the rest of the week, but fear not – we will muddle through without him. A good bit of activity in the markets since yesterday.

I’m not sure if the stock market has reached its ultimate low for the Great Bear Market of 2007-9.  But even if additional declines lie ahead, there are probably a few stocks worth buying anyway.

Doug Noland of PrudentBear.com found all kinds of interesting things last week, especially if you enjoy heart palpitations and crushing chest pains…

Has the housing market hit an absolute bottom yet? Perhaps, but probably not. But there are at least indications however that things could start turning around.

Actual cash, in the form of bills and coins which some know as “currency in circulation” – and others know as, “Please, daddy! I need twenty dollars!”

U.S. Sues UBS; Unemployment Highest Since 1967; BoA Criticizes Housing Plan; Oil Soars Over $39; HP Lowers Forecast; Brazilian Jetmaker Cuts 20% of Workforce

There is nearly universal agreement that the opening salvo of the Obama administration’s campaign to restore health to the financial system, delivered last week by new U.S. Treasury Secretary Timothy F. Geithner, fell with a loud and ugly thud. The most common criticism is that the announcement was short on detail.

President Obama is under the impression that history owes him $1 trillion right now to spend on whatever he wants. His language is strident and full of irritation that anyone would question his right to live out his personal dream of being Franklin Roosevelt to George Bush’s Hoover. This, he says, is what the election was all about.