Monday, after I wrote that the economic fundamentals “suck,” the stock market actually had a good day, gaining more than 200 points. Now, however, comes the bad news. Bank of America is reportedly facing a $35 billion capital shortage.
Meanwhile, Chrysler won’t repay its federal bailout loans and the company’s private creditors are outraged by the Obama administration’s hardball tactics. And — when it rains, it pours — Rep. Henry Waxman is reportedly ready to “fast track” his climate-change legislation.