Scholes Advises ‘Blow Up’ Over-the-Counter Contracts Bloomberg. Of course, the industry association (the ISDA) howled.
Random Musings On The End Of The American Experiment Bob O’Brien. Zeitgeist watch.
Economic Crisis Takes a Toll on Flower Shows New York Times
Death of Highly Leveraged Illiquid Strategies? Pension Pulse
Foreclosure Crisis:Working Toward a Solution March Oversight Report Congressional Oversight Panel (hat tip reader Elizabeth). I looked briefly at only a few bits, but it does mention mortgage fraud (!) and probably has other juicy tidbits.
US admits rising automaker uncertainty Financial Times
Dudley hits out at banks’ ‘self-interest’ Financial Times. The new head of the New York Fed is making many of the right noises. Will he walk his talk?
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