Breakfast Briefing Econ Edition: Subprime Fallout, Bank Tax Is Unconstitutional, Housing Starts, SEC Charges General Re...

• Subprime Fallout Hits Home in South Carolina - online.wsj
• Democrats To Seek Stunning $1.9 Trillion Increase In Debt Ceiling To $14.3 Trillion - zerohedge
• Obama's Bank Tax Is Unconstitutional - businessinsider
• Housing Starts Decline in December - calculatedriskblog
• Housing Starts, Vacant Units and the Unemployment Rate - calculatedriskblog

• Airline revenue in worst plunge on record - money.cnn
• Darrell Issa Accuses FRBNY Of Contempt For Selective Document Disclosure - zerohedge
• Robert Reich: The Voters Are Firing Obama Because He's Flopped On The Economy - businessinsider
• Interpublic to Name Brien CEO of McCann - online.wsj
• Big Banks Accused of Short Sale Fraud - ritholtz

• Glass-Steagall: Be Careful What You Wish - globaleconomicanalysis
• Obama: The Best President For Stocks Since... FDR - businessinsider
• What the Backlash Over Bonuses and AIG's Bailout Says About America - ritholtz
• States to Obama: Do more to prevent foreclosures - Jan. 20, 2010 - money.cnn
• Mad Money: Why Do Good Things Happen to Bad Banks? - cnbc

• The Immigrant Connection - forbes
• Obama to Go on Offensive Against Big Banks - cnbc
• EBay earnings climb in fourth quarter - marketwatch
• U.S. stocks end lower; material sector weighs - marketwatch
• SEC Charges General Re Corporation for Role in AIG and Prudential Accounting Frauds - zerohedge

• One Sign it's Not the Great Depression All Over Again - businesspundit