Relief Well Was Used to Halt Australian Spill New York Times (hat tip reader Crocodile Chuck)
UMKC in Iceland: interview re the commission report detailing endemic control fraud at Iceland’s Big 3 banks Bill Black. Only the first minute is in Icelandic, fear not!
Iceland’s special investigation: The plot thickens Thorvaldur Gylfason, VoxEU (a nice reader sent this along, which supports the Black control fraud thesis, and I cannot find who it was to h/t, apologies!)
10 Ways the American Economy Is Built on Fraud Alternet (hat tip reader John D)
Exclusive shot: Bob Rubin, cuddling Corrente
Big Money: Debunking the myth of the ‘sophisticated investor’ Heidi Moore, Washington Post
Is China’s Recovery a Fraud The Burning Platform
So, What Happens Next…? Audio Presentation by Rob Parenteau. Please ignore the very sales-y text and listen to the audio.
Junk Bond Sales Set Record as Investors Waiver: Credit Markets Bloomberg and Rally has junk trading at close to face value Financial Times
Senate Financial Bill Misguided, Some Academics Say New York Times
Senate’s Goldman Probe Shows Toxic Magnification Wall Street Journal. Um, this isn’t news….for every $1 of BBB subprime tranches in 2006-7, $10 of CDS were written.
Clients prepare to sever Goldman ties Independent
Monetary union has delivered a ‘German Europe’ after all Ambrose Evans-Pritchard, Telegraph
Europe’s choice is to integrate or disintegrate Wolfgang Munchau, Financial Times
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