The Daily Links Post: 2010-12-15

We have some good links on the political economy today which highlight continuing efforts to frame the credit crisis in a bank-favourable light. I recommend reading them because they reinforce my view that the body politic in the US is resistant to too much change. The record low job approval rankings for Congress suggest these efforts are not helping to increase the public’s trust of government.

On the Ruble-Renminbi article, I may have some comments later today.

Political Economy

• Where’s the Note? Leads BAC to Ding Credit Score | The Big Picture
• Republican Members of FCIC to Promote Crisis Urban Legends, Shift Blame From Banks « naked capitalism
• SEC Bracing To Lose Funds, Scaling Back Investigations
• Congress’ Job Approval Rating Worst in Gallup History
• Financial Crisis Panel In Turmoil As Republicans Defect; Plan To Blame Government For Crisis

Credit Writedowns

• On The South Korean Bank Levy
• Euro Drops As Moody’s Puts Spain On Review For Downgrade
• Celtic Creditors and the Future of Europe and the Euro
• Random Shots – 2011 Musings Edition
• Reading the Tea Leaves

The Usual Fare

• Dan Ariely – Locksmiths
• Munis Crushed… Again
• Ruble-Renminbi Trading to Start in Russia – NYTimes.com
• FT.com / Asia-Pacific – Inflation fears bring on China gold rush
• France’s Sarkozy says time to consider SDR role| Reuters
• Google Voice Search Adds Personalization
• 11 Toys NOT To Get Your Kids This Christmas (PHOTOS)
• Riots break out in Rome – The Irish Times