Our title today comes from a report by Citi on Credit Default Swaps. I really can't add anything to that. Oh wait, yes I can. a critique of Morgenson on muni derivatives. The NYTimes financial coverage on CDS's is basically a joke.
Related news: SEC Economist Leaving Amid Short-Sale Rules Conflict. The SEC continues to fight the good fight against reason, sense, evidence and data by continuing to insist that short selling has anything to do with the decline in asset prices. They've lost their lead economist because of it. We should nationalize Goldman Sachs and make them the heads of the SEC.
My Life in Finance. Eugene Fama reflects on the past 50 years of scientific financial research. wonk city.
5 myths that can kill a startup.
Socially Responsible Investors and Their Advisors. SSRN.
The Myth of the Shareholder Franchise. SSRN.
NY Fed's Sack on Communication. All about communications by the Fed and the market.
What if everybody in Canada flushed at the same time?
Award for least controversial headline of the year goes to: Time to end Spain’s labour market apartheid