Elsewhere on Friday,
- The pickled Fed
- Is Freddie Mac telling Hank Paulson to take a hike?
- “I would love to have been a fly on the wall when Paulson got word of this hare-brained scheme. As you will see, this deal is not likely to come off. But talk of it has the potential to muddy the negotiations with Congress considerably, which may be the real point of this exercise.”
- Crispin Odey says “buy”
- Biting the hand that feeds you
- Merrill Lynch managed to beat all expectations when it comes to the size of it’s write downs.
- US office construction down 91 per cent (HT Calculated Risk)
- The cost of breaking up
- “Millions of decent taxpayers will foot the bill for institutional idiocy”
- Lost in a newshole
- Further, further reading
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nakedshorts has been a firm detractor to those seeking an end to illegal naked short selling for some time now. search his blog for naked short selling related entries, in some he’s virtually foaming at the mouth from what i remember.