Elsewhere on Wednesday:
- A Wall Street job is no life-calling
- Don’t write off London’s ‘hedge-fund alley’ - not just yet, anyway
- The five essential ingredients for a stock market comeback
- In defence of the CDS market
- Goldman lay-offs: Lather. Rinse. No repeat.
- After months of serial bailouts, proliferating new programmes, and soaring and swooning markets, the notion of the Fed selling its own debt no doubt sounds like a mere footnote to recent events.
- “When an email appears with the subject line, “American Soldiers punished by naked shorting,” our eyes, so to speak, perk up“.
- Back from the Great Depression precipice?
- “Banks are not making loans. Does that mean that no loans are being made at any bank? Of course not. If the borrower provides the bank with both a belt and a pair of suspenders, the loan is being granted.”
- A rescue memo to Vikram Pandit
- Who gets it — and who doesn’t — on Wall Street
- Schwab speaks: Restore the uptick rule, restore confidence
- Bailout nation — keeping tabs on the US Treasury’s spending spree
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