The new toxic and bad legacy assets programs of the U.S. Treasury: surreptitiously squeezing the taxpayer and the Fed until the PPIPs squeak. Willem Buiter, FT Maverecon.
Moral hazard - lite and strong. Buiter again.
No-one here is going to a food bank. WSJ Blogs, Deal Journal.
WTO details rising protectionism, pushes countries to reverse course. WSJ.
Trade is falling faster in 2009 than in 1930. Progressive Policy Institute.
Six bloggers of the apocalypse. CNBC.
Mr. Taleb goes to Washington. Marion Maneker, The Big Money.
Double-dippers: Citi, BofA buying back laundered loans at lower rates. NY Post.
Watch those baskets: why Citigroup should be allowed to merge with Wells Fargo. John Hempton, Bronte Capital.
The case for letting bankers rip us off. more from Hempton.
Banks' hidden junk menaces $1 trillion purge. David Reilly, Bloomberg.
Canada's budget officer sees 8.5% drop in GDP. Financial Post.
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