Elsewhere on Monday,
- “Dear Secretary Paulson: First, allow me to explain that unfortunate incident the other morning in the Treasury men’s room. I failed to observe best practices.”
- In the hedge fund world, disclosure doesn’t always mean more clarity.
- Beyond mark-to-market.
- “The dithering incompetence of Hank Paulson has, by force of contrast, restored the credibility of Gordon Brown.”
- The case for restraining the Fed.
- Chateau Lafite in the red: Don’t feel sorry for people who have have lost money on the top wines of 2005.
- Why Berkshire Hathaway is a bargain at less than $100,000 per share.
- “Was the 2002 yellow pages buyout boom the most awesomely mistimed private equity move ever?”
- Roubini outdoes himself on “Why things are hopeless.”
- “There’s a bailout vs bankruptcy meme going around with regard to GM — a choice which makes me want to tick ‘none of the above’.”
- Beyond slowing US exports, consider an interesting relationship: net exports vs. residential investment.
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