In the big news this Monday morning...
The big news is the government takeover of Fannie Mae and Freddie Mac. The Financial Times calls it possibly "the world's biggest financial bail out.". We've got a list of links to analysis on the takeover.
CNN Money says the Fannie and Freddie takeover could lead to more regional bank failures. Many of those banks held large sums of preferred shares in Fannie and Freddie.
What is Europe's best place for outsourcing their manufacturing? Not Asia or India, it's the United States. It's not because of the falling value of the dollar. Many states are offering so many financial incentives for companies to build plants, that it makes the U.S. a desirable place to set up shop.
Utah auto dealers are starting to feel the economic pinch. A lot of consumers are looking to downgrade their car into lower monthly payments and higher gas mileage.
--Bryan Schott, Managing Editor