Japan’s $1 trillion to the rescue? Christian Science Monitor (hat tip reader Doug)
How Did Iceland Go Bankrupt? John Emerson
A Rescue Plan Without Taxpayer Money Gretchen Morgenson, New York Times
Suffering Souls: The search for the roots of psychopathy John Seabrook, New Yorker (hat tip reader Megan)
G-20 Summit Blames Buyers of Poison Apples Michael Shedlock. Apparently, the big accomplishment was keeping China from making noises about the need to move away from the dollar, and the apparent trade for that was the US dropping the noises it was making about China’s savings rate. So none of the elephants in the room were even acknowledged to exist.
Will the Safety Net Catch the Economy’s Casualties? New York Times
Contracts in Crisis: Variations in Z and S Anna Gelpern, Credit Slips
Antidote du jour: