Back in the US
I am a little burned out from too much vacationing. To my surprise, the flight back into the US didn’t enforce the stay-in-your-seats-with-nothing-on-your-lap rule. I flew into San Diego, had a quick bite to eat with my folks, and drove up to Santa Barbara yesterday.
Some interesting things did happen while I was away. The US eliminated the caps on losses for the GSEs and became the majority shareholder of GMAC, complete with another cash infusion. The bailouts still haven’t ended, though I was reminded that the increased limit on FDIC insured deposits has (you may not have $250k insurance limits, depending on your specific bank). These will probably seem like minor issues in the upcoming weeks.
