RailCorp targets rogue iPhone app ZDNet Australia
Bill Seeks $500 Billion for FDIC Fund Wall Street Journal (hat tip readers Steve A and Dwight)
How the Fund can help save the world economy Ted Truman, Financial Times
Secret conversation between Volker and Geithner Bruce Krasting
Undisclosed Losses at Merrill Lynch Lead to a Trading Inquiry New York Times. This bears out a theory of Michael Lewis’, that the top executives at the big Wall Street firms really do not understand what is going on in the trading operations.
The Big Dither Paul Krugman
Darth Wall Street Thwarting Debtors With Credit Swaps Bloomberg (hat tip reader M&M)
Also, please consider making a donation to the folks at ML Implode-o-Meter, who are defending a lawsuit launched by one of the companies in the seller-funded-downpayment-assistance business, trying to squelch ML’s coverage of the dubious practices in this area. It’s proof of a sort of the growing influence of blogs, but nevertheless, defending a suit costs real money. Read the background and how to help here.
Antidote du jour. The first is a newborn baby lemur in France, one of only 17 Madascar lemurs living in captivity (hat tip reader Timothy). The second is in response to a request from doc holiday (not exactly on target, but I hope close enough for now). I am afraid I do not have a spider yet for MyLessThanPrimeBeef, but this link from Warren might do in the meantime.