Elsewhere on Wednesday,
Why hedge funds have crapped out left and right this year
Pulling back from the precipice
“There are two big conceptual differences between buying CDS protection and naked shorting, beyond the simple fact that the former is common and legal, while the latter is uncommon and illegal.”
Mark-to-modified market, the home version
All roads — even AIG’s – lead to Goldman
What’s wrong with Lloyds’ takeover of HBOS? “Just follow your nose”
Why you won’t think twice about seeing a Saks sales associate in the middle of an intersection, slapping the windows of city buses trying to hawk DVFs for $30.
Should cities ban smoking in public places?
“Let’s be honest – considering the non-existent job prospects in the financial services field at the moment – some of you should probably consider finding yourselves a position as a high-end street walker”.
The once-unthinkable prospect of a GM bankruptcy filing is getting more, well, thinkable.
Is Robert Peston working with the team scripting Spooks, the BBC drama about good-looking but rather short-lived MI5 agents?
Some gentle advice to the US Federal Housing Finance Agency