Big audit firms face Brussels onslaught Financial Times. Another example of Europeans being more bloody minded than we are. We accept the Big Four as Too Big to Fail. They want to do something about it.
Waiting on European Bailout Solutions, When European Policies Prevent Them Dave Dayen, FireDogLake
A few thoughts on economic nationalism Ed Harrison
Can China save us again? MacroBusiness
China to suspend some US military ties Financial Times
News Corp. Marketer Used Mafia Lessons to Instill Fear, Respect Bloomberg (hat tip Buzz Potamkin)
Obama Has an Everyone Problem Jon Walker, FireDogLake
The Name of NYPD Brutality: Anthony Bologna Marcy Wheeler (hat tip reader Jeremy B).There seems to be a class difference between white collar and blue collar cops. It was a white collar cop that maced the women. OccupyWallStreet claims about 100 blue collar cops failed to show up to work today in protest.
The Occupied Turn Occupiers David Swanson
Why I Was Maced at the Wall Street Protests Boston Review
Senate votes to avert US funding shutdown Financial Times
A voice of reason amid the madness Aljazeera (hat tip reader Carol B)
Maxine Waters (D-CA) Not Amused by Obama’s Badgering Blue Texan, FireDogLake (hat tip reader Carol B)
Washington’s long con Moe Tkacik, Reuters
Slump Alters Jobless Map in U.S., With South Hit Hard New York Times
The long bond does the limbo Steve Waldman
Deloitte sued for $7.6B over mortgage fraud CBS (hat tip reader Ted L)
Freddie Mac Loan Deal Defective, Report Says New York Times. Freddie was afraid of disrupting its relationship with BofA. Lovely.
Politico Shows Maximum Ignorance in Foreclosure Fraud Settlement Story Dave Dayen, FireDogLake. Agreed, I had a post underway on this topic and didn’t finish it on a timely basis.
Why we work too much MacroBusiness
Antidote du jour. Per Mark Ames: “The parrot is like an old-style American Ben Franklin, and the crow is a classic hedge fund Ray Dalio type.”