A roundup in brief, as I try to keep pace with the fail.

- I should’ve gotten to this one earlier in the week, but it’s still worth it for the logo: the beleaguered California workers/teachers pension fund CalPERS has taken it on the chin yet again. After Lennar sold them a land venture at the top of the market in ’07 and that land venture promptly went bankrupt… Lennar’s about to pick the land back up on the cheap. California teachers, we guess you can consider those homes and dreams of retiring to Newhall Ranch dashed upon the rocks. CalPERS’ remaining stake in the venture after BK? Mark it zero. (h/t to Ryan Zent for the story & to TonyS for the logo, above)

- Timmay opens mouth, inserts foot, proclaims fondness for the taste of shoe leather. Nobody expects the Chinero inquisition

- Fifth Third Bank presents the TARPburger. LoLo, Esq. and I have challenged each other to polish one of these off. We’re classy broads

- Hell hath no fury like a broke trustifarian, as Bernie Madoff’s brother is learning. Well, let me rephrase that – hell hath no fury like a broke trustifarian with counsel. The broke trustifarians without counsel, if you recall, could only let loose with two-ply wrath

- Palmisano: O hai. I can haz outsourcing?

- More downgrades than I can shake a stick at. Bank of America and Wells Fargo now have junk in the trunk, GE gets smacked around by Moody’s and Disney is now the neutralest place on earth (and you thought Switzerland had that title).

- Print is dead, slideshow edition.