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Tax Break May Have Helped Cause Housing Bubble New York Times
The Cut That Guts Robert Robert Cyran, BreakingViews (free trial). Argues that the Fed’s super-low rate policy will hurt corporate borrowers.
Even Winners May Lose Out With Madoff New York Times. We had mentioned, citing Roger Ehrenberg, that Madoff investors who had received distributions of various sorts might be subject to clawbacks.
Law Firm Bonus Cuts. The very tippy top law firms are belt-tightening, both in staffing and pay. See the sordid details for Lathan & Watkins, Cravath (2007 and 2008), Simpson Thatcher, and Skadden Arps.
10 Outrageous Claims From Saxobank FT Alphaville
Madoff Hosed Uncle Sam, Too: $17 Billion Going “Poof” Henry Blodgett, Clusterstock. The IRS is going to be giving monster refunds to defrauded Madoff investors.
Some Credit Suisse Bankers Livid Over New Bonus Plan WSJ Deal Journal. The positive media reaction is apparently not shared by employees.
Fiscal policy and the burden of proof Tyler Cowen (hat tip reader a). Argues that the case for fiscal stimulus has little to no underlying evidence.
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