State Bailouts, Socializing Credit, $50B in Distressed Debt Defaults? Ireland Banks - powerLINKS

powerLINKS of the day

*Hedge funds hold Ireland to ransom over Anglo Irish Bank bail-out - Telegraph.co.uk

Ireland faces "horrendous" bank bill - Reuters

Bailout of Irish Nationwide doubles to €5.4bn - IrishTimes

Whitney Says States May Need Federal Bailout in Next 12 Months - Bloomberg, Video

Tennenbaum Says $50 Bln of Distressed Debt Could Default: Video - Bloomberg

Grant Says U.S. `On the Road' to Socialization of Credit - Bloomberg

Buffett Seeks `Large Investment Opportunities' in China: Video - Bloomberg

Video of Riots in Spain, Moody's Downgrades Credit Rating - Distressed Volatility

9/24 - Chanos Says He's Shorting For-Profit Education Stocks: Video - Bloomberg