- Moody’s downgraded Ireland’s credit rating five notches and said more downgrades could come if the country didn’t figure out how to deal with all its debt. [WSJ]
- If Ron Paul proceeds to hector the pants off Ben Bernanke in his new role as congressional Federal Reserve overseer, he’ll be following a long-established tradition of berating central bankers. [NYT]
- It sounds ridiculous, but someone’s asking the question: Could the Dow Jones Industrial Average hit an all-time high next year? It’s theoretically possible! [AP]
- Congress has passed the tax cut extensions. [Reuters]
- New York required foreclosure mills to certifiy the validity of their paperwork following revelations that some foreclosure paperwork was not valid. They are not really doing this. [Naked Capitalism]
mtaylor [at] observer.com | @mbrookstaylor
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