Telehouse to Heat Homes at Docklands Data Center Knowledge
TARP Cash Isn’t Moving Forward Wall Street Journal. On the one hand, banks lent a lot of money to people who shouldn’t have gotten as generous terms as they did, so the retrenchment makes sense. But the whole pitch for the bailout was to get lending going again (a premise we’ve questioned). It’s becoming increasingly apparent that the rescues are really about protecting bondholders.
Bundesbank chief rejects De Larosiere Report Eurointelligence
Big Profits, Big Questions William Cohan, New York Times. I’m a day late to this, but it is still worth reading.
The US doesn’t name China a currency manipulator Brad Setser
Too many narratives Paul Krugman. The banks as Iraq.
Are the good times really over? Dani Rodrik
NYSE chief cautious over March rally Financial Times. Consistent with Tyler Durden’s thesis. Also a very surprising statement.
The Impending Market Reversal Tyler Durden. I’m not big on market calls, but the detail about the recent whackage is informative.
The Goldman Sachs Three Card Monte Act Economic Policy Journal. Short but important.
Iron ore import surge in March attributed to wrong reading of steel market Steel Guru (hat tip reader Michael)
Is Geithner’s Hedge-Fund Bailout Illegal? Mother Jones. Unfortunately, it seems to be only venues like Mother Jones that are picking up on the issues raised by former bank regulator William Black.
AIG accused of ‘dirty tricks’ campaign Independent. Another great use of your tax dollars.
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