CNBC.com's News Now: US Already Bankrupt: Analyst

Click here to view today's top stories on your mobile device. Thursday, Mar. 19, 2009     DOW 7400.8 -85.78 -1.15%   NASDAQ 1483.48 -7.74 -0.52%   S&P 784.04 -10.31 -1.3%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW US Is Rushing to Get More Control Of Financial Giants The White House and Congress are rushing to write legislation that allows the federal government to take over and unwind the businesses of a large financial institution—such as AIG or Citigroup—the way it now can with commercial banks, CNBC has learned. ... »read more Mortgage Rates Already Are Falling In Reaction to Fed If you've got a good job, solid credit and your home's value hasn't fallen dramatically, you're likely to benefit from the Federal Reserve's extraordinary action Wednesday to help drive mortgage rates to historic lows and revive the U.S. housing market... »read more FDIC's Bair: 'Too Big to Fail' Strategy Must End The head of the Federal Deposit Insurance Corporation said Thursday that the government's strategy in the financial crisis of bailing out huge institutions deemed "too big to fail" must be replaced by a new model... »read more TODAY'S TOP 5 VIDEOS 1. US Already Bankrupt: Analyst  Technically, the U.S. is already bankrupt because it has a debt that is almost four times the size of its economy, says Puru Saxena, CEO of Puru Saxena Wealth Management. He tells CNBC's Amanda Drury & Sri Jegarajah that the U.S. is at risk of hyperinflation. 2. Bair on Banking  FDIC chair Sheila Bair discusses modernizing bank supervision and regulation. 3. Fixing Financials  Issues facing the financial services industry are surmountable, says Christopher Condron, AXA Financial director/president/CEO. 4. GE Seeing Daylight?  GE has met with a lot of skepticism on the street about how its forecast will fare. Insight with Robert Maltbie, Singular Research; CNBC's Bill Seidman & Melissa Lee. 5. Stop Trading, Listen to Cramer!  Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.       TODAY'S TOP BLOG   Pfizer: Turning The Bad Economy Into Good PR? The world's biggest drug company, which will soon get even bigger when it swallows Wyeth, is in a giving mood. »See All CNBC.com Blogs     FIRST IN BUSINESS WORLDWIDE     (c)2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632

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