Elsewhere on Friday,
- The 10 most unethical people in business.
- How a brokers’ note (on HSBC) set the hyenas onto each other.
- Church of England Seeks Fund Manager–Belief in God Not Required.
- Investment banking in the year ahead: The bottom once in sight may have slipped from view.
- Ken Lewis speaks: “Dear all…. This extraordinary period has called for extraordinary measures”.
- Another Tarp conspiracy angle: It’s really about making sure the banks stay “too big to fail”.
- Check your ethical values with this Ethical Assessment beta-examination (tuned for the financial sector).
- “The fascination with Bernie Madoff reminds me of Enron. Both were good scandals in their own right; neither would have garnered the intense public interest had they not come at times when people had lost a lot of money and were in a mood to find someone to blame”.
- “This year may not be as rough a year on the stock market as 2008, but traders on the options market are steeling themselves for something about as half as bad”.
- “TED spread datapoint of the day.
- A hard landing for China coming up.