Latvian Banker Taking Souls as Collateral CNBC (hat tip reader Nick)
Bank crisis for prostitutes Ed Harrison
The Laptop, Circa 1968 Technologizer
Not Much Relief New York Times. The Times officially endorses principal reduction.
So Many Foreclosures, So Little Logic Gretchen Morgenson, The loss severities are shocking, over 60% on subprime and Alt-A. You can drive a truck through the mod opportunity here. 50% principal reduction and you are still ahead.
Australia Faces the ‘Full Brunt’ of Global Recession Bloomberg (hat tip DoctoRx)
The unemployment timebomb is quietly ticking Ambrose Evans-Pritchard, Telegraph
Why Economists Should Study Anthropology… Economists for Firing Larry Summers
Antidote du jour. Looks awfully familiar: