Links: 2009-12-21

Light posting today. There may be more tonight.

Citigroup ‘Lottery Ticket’ May Pay U.S. Lowest Return – Bloomberg.com

Fed’s approach to regulation left banks exposed to crisis – washingtonpost.com

interfluidity » Norms of credit (More on law, societal norms and strategic default)

FT Alphaville – Tracy Alloway – Erste Basel-bothered is Austria

Rich Poor – Swampland – TIME.com (I liked Frank Rich’s column and found much to agree with in his analysis. I find this response facile in its intemperate indignation.)

Kathleen Parker – Overreaching leaves Obama with few friends – washingtonpost.com

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