Peak Wood: Nature Does Impose Limits Miller-McCune
Spill Draws Criminal Probe Wall Street Journal. The big news yesterday. On the one hand, this has the benefit of putting VERY serious pressure on BP plus appeasing the public. But does Team Obama really dare to issue a criminal indictment against BP? As Eliot Spitzer proved to great effect, the threat of a criminal indictment was a blunt but very effective implement to force negotiations, because actually indicting a company could be a death knell. But the Obama administration track record suggests they would never pull the trigger.
How much worse can it get for BP? Independent
Selling Germany, buying Greece FT Alphaville
20 Questions Macro Man
Grandma Lehman Sues Big Bad Wolf JPMorgan masaccio, FireDogLake. From the weekend, but still germane
Escape Clause Seen for Goldman and the S.E.C Andrew Ross Sorkin
Did we miss a trick? Deus Ex Macchiato (hat tip Richard Smith)
Relative value, according to Mr. Market Annaly Salvos (hat tip reader Scott)
Stock markets: That sinking feeling Aline van Duyn, Michael Mackenzie and Jeremy Grant, Financial Times. A very good piece about the flash crash and the broader implications of high frequency trading and market fragmentation.
House 401(k) plan ‘slap in the face’ to Obama administration Investment News
Israel’s Indefensible Behavior Peter Beinart, The Daily Beast. Today’s must read.
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