Women Prefer Men Holding State Bonds, Japan Ad Says Bloomberg (hat tip reader Buzz Potamkin)
Gulf oil spill: To control message, BP buys search terms from Google Christian Science Monitor. This practice has been reported previously, but this piece explains the mechanics and implications.
BP’s financial pain is America’s pain Robert Peston. One of my sources in the Gulf states tells me that a local news station has a scuba diver go out (not far) into the slick. He found oil not just on the surface, but down to a depth of 15 feet. That may mean the environmental consequences will be more severe and lasting than Peston’s (and presumably BP’s) estimates indicate.
Hundreds Of Oil-Covered Birds Flooding Into Louisiana Wildlife Center Huffington Post. I am hearing from Alabama that the coast in in much worse shape than BP said it would be, and the oil is getting into estuaries.
Toxic assets and toxic oil James Hamilton, Econbrowser
Victory for the austerity party Eurointelligence
AIG’s problems far greater than Bush officials told public McClatchy (hat tip reader Tom F)
U.S. Faces ‘Severe’ AIG Losses, Says Panel Wall Street Journal
Derivatives: A tricky pick Financial Times. Actually about CDOs, and a very good piece.
Housing after the tax credit Bubble Meter
Why Economic Advisors Are Paid to Be Economic Advisors Robert Reich (hat tip Mark Thoma)
Common Sense Crisis Risk Management Richard Bookstaber
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