The Road to Bankruptcy Megan McArdle (hat tip reader Scott C)
Private equity consortium wins BankUnited auction Financial Times
Global electricity use forecast to fall Financial Times. Wow.
Bankruptcy surgery revives Chrysler after all Reuters. This article is a Pangloss watch item. It downplays the possibility that a district court might stay the 363 sale based on the objections of Indiana pension funds. A pretty savvy lawyer buddy of mine (top partner at a well regarded firm) said a long time ago “LItigation is a crapshoot, and anyone who tells you otherwise is lying.” Based on that, it might be premature to dismiss the odds of Indiana at least throwing a temporary spanner in the works.
Distinguish between transactional and revolving credit Steve Waldman
Liddy to step down from AIG FT Alphaville
The Crisis and How to Deal with It Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros, Robin Wells et al., New York Review of Books
Blue Double Cross Paul Krugman, New York Times
The new global balance: Financial de-globalisation, savings drain, and the US dollar Christian Broda, Piero Ghezzi, and Eduardo Levy-Yeyati, VoxEU, Today’s must read.
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