Here are a couple links to posts you might enjoy:

Keith Hennessey.com-Hennesey does a superb job of analyzing Obama’s promise to create or save jobs. He points out the manner in which the numbers can be massaged to meet the goal of saving jobs. It’s a wonderful example of how politicians spin the numbers.

The Bond Tangent-A good quick analysis of PPIP and legacy loans. The author provides some good analysis of the gulf that exists between the bid and asked for legacy loans. Bottom line — little chance much will ever get done.