Zero Hedge: Exclusive: AIG Was Responsible For The Banks’ January & February Profitability Basically Citi and BofA may have been telling tall tales about profitability in January and February.
How a Modern Depression Might Look — If the U.S. Gets There – WSJ
Letter to FASB: Don’t Change Mark-to-Market! – Rolfe Winkler
Reflation and How to Exploit It – WSJ
Why is the NYT Breaking the Web? – Felix Salmon Basically, the NY Times is being annoying and unreliable. I’ll remember not to link out to their stories.
A new plan needed as the cycle grows vicious – Wolfgang Munchau
G20 unity spells end of Brown’s ‘New Deal’ – Telegraph
Russia backs return to Gold Standard to solve financial crisis – Telegraph The aniti-dollar theme is gaining ‘currency.’
Nice-guy image buys Obama only so much goodwill – FT.com Clive Crook is 100% correct on this one.
Dunfermline boss attacks Treasury – BBC News
Nationwide takes on Dunfermline Building Society’s branches, deposits and staff – Telegraph
GM chief executive’s crisis-ridden term – Telegraph
Social Security Trust Fund – The Mother of all Bond Portfolios – Bruce Krasting
Mortgage approvals soar 19% during February – Times Online Is this the result of low interest rates in the U.K.?
Bernanke Treasury Plan Drives Pimco to Mortgage Bonds – Bloomberg.com
Bailout Boundary Dispute – George Will How Constitutional is the Baliout?
Technology
- Downloads: Digsby Available in New Portable Version A very good IM client