Elsewhere on Friday,
- Washington’s irreversible errors.
- Five dumbest things on Wall Street.
- How old is your fund manager? (HT Abnormal Returns.)
- Playing smoke’n'mirrors with warrants.
- Active managers: The (horror) show goes on.
- A big hole in the deflation argument.
- TPG proves that ‘biggest’ doesn’t mean ‘best’.
- Subprime loans, corporate-style.
- Zen and the art of Bank of America options.
- 10 reasons to avoid bank stocks.
- More contraction, more job losses, more gloom from Roubini — again.
- Why Darling’s 50 per cent tax will backfire.
- The “money velocity” problem.
- 20 worst CEOs.
- The top financial blogs.