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Elsewhere on Monday,

- Volcker is back (HT Calculated Risk)

- Does private equity ruin firms?

- VC Investors Defaulting on Capital Calls; PE Investors Just Say No

- Apologies from Derivative Dribble, this is going to be a three part article

- This is shaping up to be a dismal Christmas

- Will God help Detroit?

- Required reading from the Bank for International Settlements

- We are all hedge funds now

- Happy eightieth to Noam Chomsky

- Bartiromo on Joey Ramone

- Why oh why can’t we have a better press corps?

- Another own goal by the FT

- Further, further reading