Elsewhere on Wednesday,
- “One of the most important barometers of the world’s financial health could be sending false signals.” Broken Libor?
- Interbank lending: a crisis unabated.
- Unchecked deleveraging “cannot be allowed to happen”.
- The lawsuits you may have missed at Wachovia.
- “Covering Wall Street is like covering a wild party. These guys and (and increasingly women) appear as if they’re the most sophisticated, proper, well-mannered people in the world. And they ain’t. They’re insane.”
- “Vikram S. Pandit is pulling the plug on Citigroup’s management committee, a body of senior managers from across the bank that rivals the United States Senate in size.”
- $10bn a year: the greatest hedge fund manager of all time.
- International finance for dummies. “The City, of course, is Wall Street’s British cousin. Located on the north bank of the Thames River”.
- Debt Britain.
- Chummy chats over croissants just won’t do. A New Deal for the City?
- “Financial literacy does more harm than good.”
- Sotheby’s chez les Fauves: shorting against an art downturn.
- “… [is it] morally acceptable for us to divert the food that might have fed the hungry for purposes of driving our SUVs”?
- Quant watch: Germany schoolboy,13, corrects NASA astrophysics models.