Bailout Lacks Oversight Despite Billions Pledged Washington Post (hat tip reader Brian)
Housing market ‘far worse’ than figures suggest Independent
Paulson is handing out free money like candy to a baby Ed Harrison. The offense du jour is pretty outrageous: Citi is acquiring a profitable bank (Chevy Chase) rather than use its TARP money for its intended purpose, making loans.
NY Banking Probe Target: $250,000 Bonuses CFO. Um, that is less than the average bonus at Goldman in 2006 across the firm (meaning including secretaries and back office).
T.A.R.P. R.I.P.: Illiquency Watch Anna Gelpern Credit Slips
Central Banks Shun the US Long Bond Auction – “Too Many Unknowns” Jesse’s Cafe Americain
Financial Haiku Open Day Cassandra
Antidote du jour. From the Boston Globe, “Zoo Babies” (hat tip reader Megan):