We had a great comeback to be down only 300 points on the Dow yesterday. Who knew that the day would come when I would be satisfied with losing only 300 points.
Below are some of the best of blogger posts on the web. Have a great weekend.
How the Lehman Bailout Increased Moral Hazard – Market Movers
Taiwan Insurers Directed to Limit Holdings of Agency MBS – Naked Capitalism
The Unflattening Earth and the Globalization Trade – Infectious Greed
Russian Default Risk Soars: LTCM Repeat Play – Mike Shedlock
So Why Did we Give SunTrust “bailout buying” money? – Angry Bear
Bank Failure: Alpha Bank & Trust, Alpharetta, GA – Calculated Risk
Bill Moyers Interviews James Galbraith – Economist’s View
LIBOR Flat to Yesterday’s Open – EconomPic Data
Accounting for Nought – Financial Armageddon
ECB signals further interest rate reductions – FT Alphaville
Fed takes $2.7bn loss on Bear – FT Alphaville