2. Warning: China reduces holdings of U.S. government debt.
3. Andy Xie: New Bubble Threatens a V-Shaped Rebound.
4. 1 in 8 US Mortgages Falling Behind.
5. Barry Ritholtz on the latest existing home sales numbers.
6. FDIC is bankrupt. Read it here. Even though the FDIC is bankrupt it will not run out of money because Congress will most likely bailout the FDIC. Read it here.
7. Mexico decriminalizes small-scale drug possession. Glenn Greenwald on the drug decriminalization in Portugal. Read and watch here.
8. What Would Jesus Do? Ask Obama. The president's troubling use of religion to sell health care reform.
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