StreetInsider.com's Best of the Web 8/19

Best of the Web:

• China's stock markets enters 'Bear Market' after 20% drop from 2009 high


• Warren Buffett: The Greenback Effect


• California Gets $1.5B Loan From JP Morgan


• At least 75 killed in series of Baghdad attacks


• Southern California Home Sales and Prices Up


• PIMCO's Mewbourne - Greenback losing status as world's reserve currency


• Cameron warns spending could lead to Britain defaulting on its debt


• Hurricane Bill Strengthens to Category 4 Storm


• Scholes calls for banks to give more accurate valuations of illiquid assets


• Regulators urged Citi (NYSE: C) to replace CFO