Ban on shorting financial stocks sends betting soaring Independent. You cannot make this stuff up.
Why Mark-to-Paulson Accounting Won’t Save Banks Jonathan Weil, Bloomberg
Paulson’s vacuum cleaner? Steve Waldman. There is no reason banks couldn’t buy dud assets, say from your friendly hedge fund or hapless fund manager, and flip them to the Treasury at a profit.
What Credit Crunch? Mark Perry, Seeking Alpha
A $700 billion slap in the face Paul Krugman
Antidote du jour (hat tip reader Barbara):