Bail out cost could be $1.5 Trillion

• The enormous scale of the financial crisis confronting the Obama administration will come into stark focus today when officials present a three-pronged rescue program that could top $1.5 trillion in public and private money as per: Hartford Courant.
• GM today, announced 10,000 job cuts for 2009
• Nissan net revenue down 34%, , net loss of $2.9 billion for last fiscal year. To cut 20,000 jobs worldwide.
• Gold rises on Inflation speculation
• Analyst predict 1000 plus bank will fail by 2014
• Dow
  8,179 -91.84
  Nasdaq
  1,580-11.75
  S&P 500
  857-12.64
  
• UBS reports $7 billion loss
• Senate heads for vote this week for huge stimulus package (nearly $800 billion)
• Dollar is up