In national news today, the Securities and Exchange Commission says “Whoops! Sorry about that!” and admits it was totally playing Minesweeper the whole time Bernie Madoff was bilking Indiana pension funds of their millions.
Also, $2.7 billion fell out of Morgan Stanley’s pocket on the way to the subway this morning. The head of Housing and Urban Development told Congress it completely effed up its program to help homeowners stay out of foreclosure; only 312 people have applied for aid through HUD’s Hope for Homeowners since October. And a Washington Post-ABC News poll shows that 63 percent of Americans say they’ve already been hurt by the recession, which the paper rather humorously calls a “downturn.”
But wait! Slate says “the recession is the best thing that could have happened to Barack Obama.” You’ll want to read that one. Also, Barack Obama is Time’s Person of the Year. (Sarkozy and Palin were runners up.)
Meanwhile, it’s still snowy in New Mexico. More …