Links: 2009-03-27

Commerzbank reveals toxic assets – BBC News Obviously, there are more writedowns to come. What does this say about what’s on Deutsche’s books? or UBS?

MGM Mirage’s City Center Hires Bankruptcy Counsel – Deal Book

Fear and Greed – Mark Thoma this is a hilarious post and a must-read

Europe fetches the monetary helicopters, at long last – Telegraph Ambrose Evans-Pritchard has the scoop

More on robbing the US tax payer and debauching the FDIC and the Fed – Willem Buiter I love this guy. The title of the pos says it all.

FT.com | Willem Buiter’s Maverecon | The new toxic and bad legacy … more grist from the Buiter mill

Viva Cantor-Krugman? House GOP Backs Receivership For Insolvent Banks – TPM

Don’t rush on US systemic risk regulator–Volcker – Reuters

Saving America’s banks: Only halfway there – Economist

Credit crunch will lead to oil shock warns consultant – Reuters I might have more to say about this later but I do believe peak oil is a real phenmenon

9 Reasons Obama’s Fiscal Plan Fails both Markets and Taxpayers – Joseph Stiglitz

Collateral 101: How It Works at AIG and Elsewhere nice eplanation

China’s Big Threat – Bruce Krasting I see this as an interesting analysis. Not likely, but good out-of-the -box thinking

Technology

Blogs I now follow

financial newsJoseph Stiglitzpeak oilVolckerWillem Buiter