Lambert again generously provided a lot of the links tonight. If it is not narrowly financial and not attributed, it probably came from him.
Moe Tkacik, Reuters
New York Times. Eeek, I like leaving my computer when I leave my computer. And I guarantee this will produce more car accidents.
New Scientist. Not new new but still intriguing.
Bloomberg. Should we be relieved?
Huffington Post (hat tip reader furzy mouse)
Financial Times (hat tip Buzz Potamkin)
Independent (hat tip Buzz Potamkin)
McClatchy (hat tip Tom Ferguson). Yet Krugman insisted there was no oil speculation.
Counterpunch (hat tip reader Chuck L). Holy moley.
Financial Times. So Germany is putting the screws so hard on Greece as to make default a realistic possibility, yet is unwilling to fund bigger risk cushions in case Something Bad Happens.
Financial Times. Quelle surprise!
Ryan Chittum, Columbia Journalism Review
Dave Dayen, Firedoglake and Politico. You need to read both to watch inept damage control at work. We have HUD trying to walk back what it said about the deal, and now we have this reporter trying (on behalf of Donovan? on his own?) to obfuscate what Donovan and Miller clearly said. And he does it by trying to straw man Dayen (and notice the coward provides NO link to Dayen’s piece, making it harder for readers to see his misrepresentation). The good news is Dayen must be doing some damage if the officialdom is this desperate to take a notch out of him.
Dave Dayen, Firedoglake and NACA. Yes, Virginia, it is every bit as bad in servicer land as we and others have been telling you.
New York Times (hat tip Buzz Potamkin). What do you want to bet this will prove more effective than the mortgage settlement?
Wall Street Journal. Notice who is on the list: attorneys general Kamala Harris (California) and Tom Miller (Iowa, and leader of the AG effort)
Public Citizen. Quixotic but why not.
Bloomberg. Notes reader Michael C:
If the US regulators had any balls at all they could resolve this fake ‘international regulatory diplomacy’ issue by rescinding the Treasury prop trading exemption for the US the banks. Int’l problem solved/US banks smacked into line.
Let the non-bank primary dealers run the US Treasury Markets.
The bankers don’t seem to realize, as Whalen’s dictation yesterday indicates, that the Universal Banking model in the US has been seriously reimagined through Dodd-Frank. The replacement model is a scaled down pre 9/2008 Bank Holding Company, ex prop trading. The industry believes the post 2008 Bank Holding Company baseline is Goldman and Morgan Stanley.
The Alt. Banking Group of OWS It needs an RSS , but I assume that will come soon. Mathbabe reports that Alt. Banking .
New York Times. Lame.You can see even from this story that she admits the banks break their agreements. So how can she claim they are effective?
Wall Street Journal. Wish I had time to write on this. So the new excuse is they had crappy records and didn’t realize they were dipping into customer funds. My answer: a big dealing firm that is that crappy at record keeping would have been dead sooner.
Robin Harding, Financial Times
Antidote du jour (hat tip reader Duarte). I hope this was not mean to the pig. I think he must have been deprived of a meal to deliver this performance:
from on .