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Late Monday Headlines

Submitted by Tyler Durden on 02/03/2009 03:38 -0400

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)