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Elsewhere on Thursday,

- Is this really the beginning of the end for the credit crisis? Or the end of the beginning?

- “Excluding these and some other accounting changes, Freddie’s modest $151 million loss would have been a more worrisome $2 billion.”

- CDOs: They’re alive! Or at least, out of intensive care.

- Countrywide directors must face suit by shareholders.

- Clear Channel: lessons learned.

- Resevoir Dogs, Blackstone edition.

- Hyperreal finance. The medium is the message

- “In an effort to introduce a bit more risk into the market, Russia’s central bank said it would start intervening in its currency market more randomly, rather than constantly intervening to keep the Russian ruble within 15 kopecks of its weighted basket.”

- Why agricultural subsidies dont mean lower food prices.

- Gluttony. “At a mere 780 calories and 48 grams of fat it is actually healthier than some of Hardees’ other menu options. The Monster Thickburger provides nearly twice the fat you should consume in an entire day.”

- Let them eat Juche.

- Mortgage fraud: “Brazilian hardwood, granite countertops, and a value of $275,000.”

- Getting bullish on bearish books.

- WTF? (HT Felix Salmon)

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