Radar could save bats from wind turbines Live Science
Leszek Kolakowski Telegraph (hat tip Dave R)
Obama is good for K Street lobbyists The Hill (hat tip DoctoRx). This is funny, if you are into black humor, that is.
Details Emerge of Atrocious CA Budget Deal Daily Kos. More black humor.
Bait and switch: How the “public option” was sold PNHP (hat tip reader lambert strether). Original public option plan: 130 million enrolled. CBO estimate of current plan: 9 million enrolled.
Fed Mortgage Report – What’s Ginnie Mae Up To? Bruce Krasting
BlackRock chief attacks Wall St earnings Financial Times
College sudents banned from credit card applications Xinhua. And we wonder why the Chinese savings rate is higher than ours?
Temasek reveals surprise departure of Goodyear Independent. There must have been a power struggle. Goodyear, a particularly well regarded Australian executive. was considered to be a catch.
Economics is in crisis: it is time for a profound revamp Paul De Grauve, Financial Times
Audit Interview: James L. Bothwell Columbia Journalism Review. On how derivatives regulation was squashed by, among others, the Clinton adminstration. The Clinton administration in fact became quickly very Wall Street friendly as it was clear the Republican were going to win big time in Congress in 1994. Where do you think that strong dollar policy came from?
CIT’s Holdout Problem Steve Lubben, Credit Slips
The real estate roots of the crisis in the US Elena Panaritis. She is guest blogging at Willem Buiter’s blog. This is an interesting argument. I’d be curious to get reader reactions.
Looking for an exit Jim Hamilton. Econbrowser. Today’s must read. I’d feature it in a post, except I have nothing to add. Hamilton warned the Fed at Jackson Hole in August 2007 that the markets would test Fannie and Freddie’s implied full faith and credit guarantee, and no one seemed to listen. His post here leads to an equally serious warning.
Antidote du jour. From reader Steve:
I ‘went bush’ for a while as the Aussies say….had a great encounter, see pics, taken in the mountains of central Thailand near the Myanmar border. Awesome, and nerve wracking!