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Toward an Effective Resolution Regime for Large Financial Institutions

41 KB PDF Governor Daniel K. Tarullo At the Symposium on Building the Financial System of the 21st Century, Armonk, New York March 18, 2010 Two years ago this week, Bear Stearns succumbed to severe liquidity stress. It was rescued, and eventually absorbed by JPMorgan Chase, with financing assist... (original story)

Roach vs Krugman Over China Currency Push

Stephen Roach, chairman of Morgan Stanley Asia Ltd., talks with Bloomberg’s Susan Li and Paul Gordon from Beijing about the U.S. calls for a stronger yuan. China is conducting stress tests to gauge the effect of yuan appreciation on companies, a sign the government may be preparing for policy ... (original story)

Benjamin Zander on Music and Passion

Benjamin Zander has two infectious passions: classical music, and helping us all realize our untapped love for it — and by extension, our untapped love for all new possibilities, new experiences, new connections. (original story)

Amazon Apologizes to Michael Lewis Over Kindle Flap

On Wednesday, I posted my disgust with the kindle fanboys trashing of Michael Lewis’ new book, The Big Short. I was surprised to hear from a number of literary agents who wrote to thank me for that. They have apparently been having all manner of issues with Amazon reviewers over the years, and... (original story)

Santoli: Pullback or Crash?

Mike Santoli asks an interesting question this morning in his Barron’s column. “The important question isn’t whether the market retrenches a bit, but whether that retrenchment would segue into a more definitive and momentous market top.” This is a worthwhile query for explora... (original story)

The Threat to Muddle Through

March 20, 2010 By John Mauldin O Canada The Threat to Muddle Through Back to 1971 The fault, dear Brutus, is not in our stars GDP = C + I + G + Net Exports An Optimistic New Venture, San Diego, and New York If the Chinese allowed the renminbi to rise, would that make the USA better off? That is the ... (original story)

Charles Johnson: Why I Parted Ways with the Right

Dangerous Minds: It was the blog post heard ‘round the world. When Charles Johnson wrote Why I Parted Ways With The Right in the space of a few minutes and posted it on his popular Little Green Footballs blog, he had no idea the firestorm it would set off. Nasty denunciations, death threats and a ... (original story)

Friday Linkage

Some links for today: • Rival Merrill warned regulators over Lehman (FT) • Federal Reserve Must Disclose Bank Bailout Records (Bloomberg) • Rosier Views + Easier Comps = Profit Growth (WSJ) • Martin Wolf: China and Germany unite to impose global deflation (FT) • S&P 500 in ‘Air Pocke... (original story)

CFTC data, euro net shorts fall 38%

According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week’s record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to [...] (original story)

BIGGER BANKS, RISKIER BANKS

After trillions of dollars in taxpayer funds, cheap loans and other forms of support, the biggest banks are bigger and more complex than ever. Bigger Banks, Riskier Banks Source: BIGGER BANKS, RISKIER BANKS (PDF) By James Lardner Nomi Prins January 28, 2010 http://www.demos.org/publication.cfm?... (original story)








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