Elsewhere on Thursday:
- 8 really, really scary predictions for 2009
- Quelle surprise! Banks increase “mark to make-believe” assets to $610bn
- Lehman and AIG asset sales: It isn’t working out exactly as the government may have intended
- The key event of the past week was the chastising of the US Treasury secretary Hank Paulson by Zhou Xiaochuan, governor of the Chinese central bank.
- The hairy aftermath of lay-offs
- Shareholder value: Three interesting little numbers
- AIG and those speculative CDS bets
- So is the CDS dead?
- How Fed-issued bonds would make the world an (even) riskier place
- Meet the ‘big three’ of Wall Street’s new order
- Thain Pain: Bonus battle alive and well on CNBC
- Stimulus is for suckers
- 10 City figures speak: beyond wars, pestilence, invasion and countless financial implosions, can the City survive this one?
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