What’s a Bigger Draw Than a Camel Fight? A Camel Beauty Contest, of Course Wall Street Journal. The WSJ is at least a year late to take note of camel beauty contests.
NYT: “You Think Houses Are a Slow Sell? Try a Yacht” Credit Bubble Stocks
Economics of Toilet Seat Etiquette Paul Kedrosky. I want to know how he finds these studies. And you can tell the author of this one was male. If I have to explain further, you (along with this author) need remedial education. Hint: the author have missed a huge gender asymmetry in his cost analysis.
Robert Skidelsky on John Maynard Keynes Ed Harrison
BofA Says $10 Billion Is Top of Buybacks Forecast Bloomberg. This is consistent with our long-held view that non-Freddie/Fannie putbacks, where investor and bond guarantor contractual rights are not as strong, are considerably overhyped in terms of their economic potential for plaintiffs.
SEC Recommends Common Standard for Brokers, Advisers Bloomberg. This is LOONG overdue.
Surprise: Banks Ease Card Fees Wall Street Journal. Mirabile dictu.
Obama’s New Pick For Jobs Panel Sends Work Overseas Shahien Nasiripour, Huffington Post and GE’s Jeff Immelt To Replace Paul Volcker Jesse
Immelt, GE Capital, and the Financialization of Manufacturing Mike Konczal. OMG, Konczal has to explain to supposed journalists that GE is 40% financial services? The studies he cites are way too kind. GE started to provide financial services as a form of vendor finance, but decided it was a business worth pursuing in its own right and got into a ton of areas that had no direct connection with its manufacturing ops, such as LBO lending, private equity, credit cards.
MERS CEO to Leave Company Wall Street Journal
A “Secret Weapon” To Stop Second Mortgage And Credit Card Collections In Their Tracks Matt Weidner. I doubt this is a show-stopper, but could be a useful angle nevertheless.
HOT: Fed Hides Major Accounting Change Economic Policy Journal
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