Elsewhere on Friday,
- The mystery of Pimco and the PPIP.
- “There comes a time in every Federal Reserve chairman’s life when he must beg to be reappointed to his job.”
- Why AIG equity may be worthless.
- BMWs for China’s bureaucrats, Geely for the masses.
- Does the Fed really manage risk?
- Don’t blame securitisation, blame stupidity.
- Plain vanilla is the finest of the financial product flavours.
- What’s in a mutual fund name?
- Next shock: commercial real estate.
- Further, further reading.