This week on FT Alphaville,

Party on CDS: CDR Counterparty Risk index at five-week low
Trading kυρτός
Russia does what to oil?
See you in court, Countrywide
Welcome to FSALand
Short-selling nudists set free
Hooray, the S&P 500 is the least loser!
Kitchen utensil put back in the drawer
The Germans are coming
US foreclosures up 8 per cent in July
Wood-en returns at SRM
Quid pro CDO
Market inefficiencies amok
We’re back on Monday…
(Cartoon via The Big Picture)