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Morning Money Links: Top 10 tech IPO candidates; Buffett to buy ResCap? Arizona's budget woes sound familiar

December 24, 2009 | 11:15 am

--- More on the expected wave of technology IPOs in 2010: TechCrunch lists the Top 10 IPO candidates, with Facebook at No. 1.

--- Warren Buffett is negotiating to buy Residential Capital, the major home lender and mortgage servicer owned by GMAC, the New York Post reports.

--- Not for today, not for tomorrow, but maybe a Saturday undertaking: Morningstar's Christine Benz has some good year-end financial planning tips.

--- Welcome to the club: Arizona, facing a “structurally imbalanced budget,” has its credit rating cut by Standard & Poor’s and Moody’s. Mike Shedlock has more on the Grand Canyon State's woes here. Even so, with an A1 grade from Moody’s, Arizona's rating remains above California's, at Baa1 (still the lowest of the 50 states). Is it any wonder Gov. Schwarzenegger wants a handout from Washington?

--- A stocking stuffer from economist Nouriel Roubini (a.k.a. Dr. Doom): The price of oil has quickly rebounded from $70 a barrel two weeks ago to $77 now, but Roubini says the fundamentals argue against heading back to $100 anytime soon. From his lips to your gas tank.

-- Tom Petruno

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