bkkandrew

Oh dear Spin, the day started with good news, but then went pear-shaped. Top 7 stories on Bloomberg now:

•Freddie Mac Short-Term Notes Demand Increases; Shares Fall on Paulson Plan

•Stocks in U.S. Slide on Credit Concern; Washington Mutual, Fannie Mae Drop

•Treasuries Advance as Stocks Fall Amid Concern Banking Woes Are Worsening

•Fannie, Freddie Rescue Is a `Disaster' to Rogers; Goldman Says Sell Shares

•Investor Laszlo Birinyi Says to Avoid Financial Shares as `Fires' Spread

•Fed Approves Rules to Curb Mortgage Abuses That Led to U.S. Housing Slump

•Cerberus's Newest Fund Declines 1% Since 2006 Launch on Financial Turmoil