News Tidbits: 5 Aug 2008

Riches to Rags – NY Times (article about Kevin Phillips’ Bad Money — great book)

Credit crunch: The blame game – BBC News (Interesting compilation of pundits’ take on who caused the crunch)

Wary investors see banks as cheap – BBC News (I think some banks are not cheap — they are going to zero.)

Repel the calls to contain competitive markets – FT (Self-serving Greenspan acts as pundit)

Only luck can save America’s economy – Clive Crook, FT

Northern Rock loses $1.2 billion as bad debts surge – MarketWatch (Was Northern Rock insolvent because it made bad loans or did it suffer poor liquidity?)

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