Obama winning over ‘Wal-Mart moms’ Financial Times
The methane time bomb Independent
Mission Creep Dispatch: Winslow Wheeler Mother Jones News. A departure from our usual programming. On global Pentagon strategy.
NYT Promotes Hysteria on Bailout Bill Dean Baker
How I learned to love the Fed Steve Waldman
The end-goal of any bailout or government takeover John Hempton
Why Have Things Gone So Wrong? Roger Ehrenberg
You Can’t Rescue the Financial System If You Can’t Read a Balance Sheet John Hussman (hat tip Cash Mundy), Nice piece, explains in some detail the observation we have made, that the Paulson plan accomplishes zero unless Treasury overpays for dud assets. Also offers a better rescue option, a so-called “super bond”.
Antidote du jour: