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Elsewhere on Friday,

- “The US and advanced economies’ financial system is now headed towards a near-term systemic financial meltdown…”

- Why the ECB can’t fix Europe.

- What G7/G8 leaders can do.

- “Believe it or not, it is cheaper to insure the debt than pick up the pieces (in this environment) of losses on the credit default swaps.”

- Sad guys on trading floors.

- I want my $26 trillion back.

- Dow drop, some technical analysis.

- “The credit crisis is providing a rare chance for investors with sufficient cash to get into previously inaccessible hedge funds.”

- When to get out of cash?

- Hedge fund liquidation in pictures.

- Lehman’s bounty - for lawyers.

- Flight to quality soup.