Britain wakes up to a hung Parliament Times Online. And Mr. Market is not happy: London Markets: U.K. assets fall as hung parliament looms MarketWatch
Algorithmic Trading and Price Volatility Rajiv Sethi
“On the brink of the abyss” Eurointelligence. Be sure to read the sections on U-turns
Lehman-Greece parallels du jour (III) FT Alphaville
Shareholder revolt against huge bonuses grows Times Online
Plan for Congressional Audits of Fed Dies in Senate Wall Street Journal
Surveillance Over the Federal Reserve: On the Sanders Amendment to the Dodd Senate Financial Regulation Bill Brad DeLong. This is pretty amazing, DeLong, who is generally cautious in crossing swords with Team Obama, comes out squarely against them.
A Money Too Far Paul Krugman, New York Times. Reader Swedish Lex quips, “Krugman comes late to the party (not according to him, though)”
What Any Goldman Settlement Might Entail New York Times
How China and India Sabotaged the UN Climate Summit Der Spiegel (hat tip reader Swedish Lex. And Barack Obama too. Today’s must read, and check out the video.
Antidote du jour: