Somali Pirates to acquire Illinois Senate Seat Rolfe Winkler (hat tip Felix Salmon)
Focus switches to ‘Lady Macbeth’ of Illinois Independent
Bernie Madoff: The Indictment Clusterstock
UK consumers adopt Depression-era mentality, Asda head says FT Alphaville
PCAOB – Seeing The Big 4 Through Rose Colored Glasses re: The Auditors. With the Madoff scandal, I suspect there will be a renewed focus on the quality of audits (and I have yet to see who was doing his books).
Our Broken Government Center for Public Integrity (hat tip reader Andrew)
Fundamentals at odds? The US current account deficit and the dollar Gian Maria Milesi-Ferretti, VoxEU
Switzerland may have to print money to stave off deflation Ambrose Evans-Pritchard, Telegraph, Switzerland looks ready to join the quantitative easing club.
AIG chief says group is close to sell-offs Financial Times. A bit of good news lost in the auto nail-biter.
Fury Builds Over Crisis at Banks Floyd Norris, New York Times.
Joblessness Grows in New York New York Times
Bernie Comes Out of the Closet Cassandra. A must read.
Does anyone know what happened to doc holiday?
Antidote du jour. Two due to bailout brinksmanship stress. The video is hat tip reader Richard. And I was VERY bad and failed to h/t reader Ernesto on the Christmas kittens earlier in the week. Apologies.