SEC to review whether BofA broke the law Financial Times. For once, the SEC is acting like a regulator as far as a big company is concerned.The exception that proves the rule.
It is time to put finance back in its box Philip Augur, Financial Times
The Crisis of Our Democracy: Corruption in the Financial Markets and Obama’s Failure to Reform Jesse. Includes Barron’s interview with William Black.
“Just How Progressive Is the Tax System?” Mark Thoma
S&P 500 (SPY) Max Pain Analysis For April 2009 Michael Shedlock. We are clearly in Keynes’ casino land when we have to start paying attention to stuff like this.
The Farce Behind Quarterly Earnings Huffiington Post. Key quote:
“I have been in the business 25 years and earnings have always been an ongoing mystery, but it has gotten worse and worse,” said James Paulsen, the chief investment strategist at Wells Capital Management.
Export Plummet Shock: A Guangdong Tiger Under Water ChinaStakes (hat tip reader Michael)
China property prices ‘likely to halve’ (hat tip reader Don)
HSBC faces crisis over US credit cards Guardian (hat tip reader Steve L)
The Global Financial Crisis: How bad will it get? Steve Keen (hat tip reader Don)
Antidote du jour: