Late Monday Headlines

• 20 million jobs lost in China from downturn to date - this is actually a very big deal (FT)
• FDIC running out of cash, asks tripling of Treasury credit line to $100 billion (Reuters)
• UBS alienates all current brokers with ridiculous new hire bonuses (Bloomberg)
• NY starting to retaliate against Paterson's budget cuts (NY Post)
• In meantime, IRS is broadening UBS inquiry (NYT)
• Investment bankers are the new pariahs (NYT)
• British firms lose 1.2 billion pounds in snow day (Guardian)
• Ryanair in talks to purchase up to 400 planes from Boeing/Airbus (Bloomberg)