Elsewhere on Wednesday,
- UK banking sector: All civil servants soon.
- Bank nationalisation bonanza.
- A new batch of Goldman Sachs MDs.
- On Ken Lewis and John Thain.
- “Hedge funds are here to stay, but not here to stay the same.”
- “They’re such kidders at Merrill.”
- Bush’s last economic hurrah.
- “Citi’s core problem is that it simply doesn’t make money in any of its businesses except Smith Barney, which it is in the process of selling.”
- AAs are not created equal.
- “There are no models for all seasons (assumptions), but there are seasons (assumptions) for models.”
- Why munis won’t yield more than Treasuries forever.
- Before and after: WhiteHouse.gov