Elsewhere on Wednesday:
- China actually overtook Germany as the world’s third largest economy in 2007
- “UK real estate companies may need to be rescued by shareholders this year to stay afloat.”
- Questioning Ben Bernanke’s expertise: “… someone who, having heard that something works in practice, then ripostes “Ah! But does it work in theory?”
- “A bailout for Arnold?”
- “…confidence in the banking system appears lower in Britain – 4.2 out of 10 – than in bankrupt Iceland, which polled 4.6.”
- Ken Lewis, venerable vulnerable CEO.
- The Bob Rubin exit letter, translated.
- Buying CDS on the USA: black swan insurance?
- Sovereign credit concerns in Europe
- Playing old maid with the Treasury secretary nominate.