US Government Stages Fake Coup to Wipe Out National Debt The Onion (hat tip reader Scott)
The Singularity (Summit) Is Near! h+ (hat tip reader David C). They are debating smarter than human IQs.
A Century-Old Principle: Keep Corporate Money Out of Elections Adam Cohen, New York Times (hat tip reader Lee). Kiss what little of American that is left goodbye if the ban is overturned.
Cap-and-Trade’s Unlikely Critics: Its Creators Wall Street Journal (hat tip reader DoctoRx)
Obama on Drugs: 98% Cheney? Greg Palast
NYSE Liffe shuts down CDS clearing service Risk (hat tip reader Joseph M).
The Federal Reserve is Immoral Tim Iacono. Although Iacono goes for polemics, the redistributive effects of a steep yield curve (on top of all the other other subsidies to banks) has not gotten the attention it deserves.
47 percent of South Florida homeowners underwater on mortgages Miami Herald (hat tip reader John D)
A Global Surge in Tiny Loans Spurs Credit Bubble in a Slum Wall Street Journal. Can anyone say, “Too much global liquidity?”
Books: A plan to scan Financial Times. On Google’s digital scanning initiative.
Food Firms Warn of Sugar Shortage Wall Street Journal. I dimly recall reading a Vanity Fair article a few years back that recounted in nauseating detail how well connected the sugar lobby is.
Pequot and chairman face possible SEC charges Financial Times
Elizabeth Warren “We Have A Real Problem Coming” Tyler Durden
Antidote du jour (hat tip reader Ed M):