Elsewhere on Tuesday,
- More of Lehman’s creative business practices.
- ‘The lessons of Magnetar are the basic lessons of the financial crisis’.
- GWF Hegel versus Bank of America.
- ‘It is obvious that the recession is over’.
- Although what could bring it back?
- ‘My impression is that the banking system is still quietly insolvent.’
- Valuation uncertainty: it’s all about leverage.
- In praise of the skill of risk-taking.
- 2008 really was a bad year for credit spreads.
- Bulls are vacillating, while bears, er, dogmatise.
- The fall of Palm: how quickly we forget.
- Meanwhile, in Japan…
- Basel faulty.
- Further, further reading.