The real reason why Steve Jobs hates Flash Charlie’s Diary
The latest national security threat: obesity John Shalikashvili and Hugh Shelton, Washington Post
Goldman Sachs Loses Room to Maneuver After Public Testimony Bloomberg. This part was particularly interesting:
While locking in testimony this early in the litigation process posed risks, it was part of Goldman Sachs’s strategy, according to a person with direct knowledge of the firm’s defense. Tourre’s public statements make it less likely that he could change his story later and negotiate a lesser penalty with the SEC in return for information that could be damaging to the firm or other executives, the person said.
As Recession Ebbs, Many Still See Gloom Floyd Norris, New York Times
Lessons for the Greek crisis from Philip II of Spain Alan Beattie, Financial Times
U.S. Role in Mortgage Market Grows Even Larger Wall Street Journal. Eeek!
GDP Growth: It’s the Inventories Stupid! Dean Baker
Bank Bill Attracts Populist Amendments Wall Street Journal. Note this part:
Obama administration officials have declined to weigh in on any specific amendments, with one exception: a move by Sen. Bernie Sanders (I., Vt.) to give the government more power to audit certain operations at the Federal Reserve. Fed and administration officials have signaled they would fight to stop it at all costs. Mr. Sanders has more than a dozen co-sponsors.
“I can’t predict, but I think we’ve got a good chance to pass it,” Mr. Sanders said.
Not surprisingly, we see this: Fed official hits at ‘political meddling’ in reform bill Financial Times. We’ve pointed out the Fed compromised its independence a long time ago (see here and here).
So, yuan to fight about it? Joel P. Trachtman VoxEU
Potential Derivative Loophole #1: Trading Facility Mike Konczal
‘We are wall Street…we are smarter and more vicious than [dinosaurs]‘ FT Alphaville. This has been making the rounds…
Bob Rubin Just Wants to Be Cuddled Iris Mack, Huffington Post. Today’s gotta read.
Antidote du jour: