Woman out $400K to ‘Nigerian scam’ con artists Katu
Bailout Lacks Oversight Despite Billions Pledged Washington Post (hat tip reader Brian)
Housing market ‘far worse’ than figures suggest Independent
Wilbur Ross Says GM Bankruptcy Filing Would Be a `Total Mess’ Bloomberg
Paulson is handing out free money like candy to a baby Ed Harrison. The offense du jour is pretty outrageous: Citi is acquiring a profitable bank (Chevy Chase) rather than use its TARP money for its intended purpose, making loans.
NY Banking Probe Target: $250,000 Bonuses CFO. Um, that is less than the average bonus at Goldman in 2006 across the firm (meaning including secretaries and back office).
T.A.R.P. R.I.P.: Illiquency Watch Anna Gelpern Credit Slips
Central Banks Shun the US Long Bond Auction – “Too Many Unknowns” Jesse’s Cafe Americain
Financial Haiku Open Day Cassandra
Antidote du jour. From the Boston Globe, “Zoo Babies” (hat tip reader Megan):