I’ve had a lot of non-blog demands, and that will continue till early next week, so I hope you enjoy the guest posts.
Bernanke chooses deflation MacroBusiness
US government shutdown looms again Financial Times
The not-so-fearless Fed? FT Alphaville
Treason? Ed Harrison
Merscorp Sued in Dallas With Bank of America Over Mortgage-Tracking System Bloomberg (hat tip reader Mike S)
Volcker Rule May Lose Its Bite Wall Street Journal
S&P: Accounting Rule Cld Boost Lrg US Banks’Assets By Ave 68% Deutsche Borse. Via @alea_. Maybe comparing Eurobank and US bank gearing will make a little more sense when this is implemented. Under the new rules, liabilities tend to go up more than assets, so US banks will look more highly geared.
Why ‘Occupy Wall Street’ makes sense Amy Goodman, Guardian (hat tip reader Diane)
Yahoo blocked e-mails about Wall Street protests CNET (hat tip reader rjs)
The Dangers of Cutting Medicare and Medicaid Dave Dayen, FireDogLake (hat tip reader Carol B). Be sure to read the first two comments.
CFPB expects ability-to-repay rule by early next year Housing Wire. Reader Peter W. points out that Raj Date is beating up on servicers.
Only the most educated 3% saw wage gains between 2000 and 2010 Daily Kos (hat tip reader Carol B)
Faith in the free market Economist (hat tip Philip Pilkington)
Antidote du jour: