Drug Erases Fearful Memories MIT Technology Review
A ‘fraud’ bigger than Madoff Independent (hat tip reader Michael)
Recap: The Stimulus Bill and the Macro Impact Menzie Chinn, Econbrowser
RED ALERT: FX Dislocation In Process Market Ticker (hat tip reader dzzle) He is right, the currency moves this evening are major. It does not look good.
The banks’ reverse takeover of Britain Fraser Nelson, Spectator (hat tip reader Tim)
Chinese Banking: The Risk Manager as Revolutionary Christopher Whalen, Global Association of Risk Professionals
Schwartzman and McTeer on Accounting Independent Accountant
UN crime chief says drug money flowed into banks Reuters (hat tip reader Richard). “In many instances, drug money is currently the only liquid investment capital”
China exporters offer lower exchange rates to offset strong yuan Telegraph (hat tip reader Steve). I’m at a bit of a loss as to why the approach is to use a lower FX rate, rather than discount the price.
goodbye dubai Smashing Telly! (hat tip reader David)
Legitimate Issues: Where is the Note? Quatloos (hat tip reader Warren). Geeky, but interesting. The draft of an article on the issue of missing mortgage notes and endorsements, to be presented at the American Bankruptcy Institute.
Bank insolvency: tips & tricks Steve Waldman (hat tip reader Peter). A great post, particularly the discussion of the need to put zombie banks out of their misery.
Antidote du jour (hat tip reader Carrick). From Huffington Post:
Ana Julia Torres kisses Jupiter, an African lion she rescued malnourished from a circus.