Norfolk tigers fascinated by snow BBC. A nice video clip.
Obama’s Ethics Reform Promise Faces Early Test New York Times. And is found wanting.
Fitch Downgrades California’s $5B RANs to ‘F2’ MarketWatch (hat tip reader Ed)
Goldman Says Buy Puts Because U.S. Stocks May Resume Retreat Investor Village (hat tip reader Dwight). I’d tend to dismiss this as somehow talking their book were it not also for this: Put / Call Ratio: Top, Not Bottom in Equities Ben Bitroff.
Angels Flee From Tech Start-Ups New York Times. While interesting, and sadly predictable, this article makes it sound as if angels are an important source of funding for startups, when far and away, the biggest are savings, friends and family, and credit cards. All those are drying up too.
Bank insolvency: tips & tricks Steve Waldnan
S&P forecasts 200 defaults Financial Times
Beyond the age of leverage: new banks must arise Niall Ferguson. I like the first half of his suggestion, but would prefer a more surgical mortgage remedy.
It wasn’t just the market … Brad Setser
Antidote du jour (hat tip reader Nivethan):