A battle Bush’s EPA can’t win: California is extremely likely to win its appeal of the EPA’s carbon-emissions decision.
Citi Lays Off 30 C.D.O. Bankers
The Bond Insurance Barge Scam: “For years the investment banks’ internal credit and risk departments have been outwitted by smarter, better paid front office mobsters.”
The Morgan Stanley desk of shame
93 Banks Join Fed-Anon: “God, grant me the capital to accept the things I cannot change; the reserves to change the things I can; and the Fed Auction when all that blows up. Amen.“
Isn’t the WTO just so amazing? “Whether you like it or not, the WTO is the only international organization in existence that actually makes the U.S. do what it would not otherwise have done on its own. No other organization has such power. I would love it if somebody would come up with a sensible story as to why the U.S. has ceded so much power in trade, while zealously guarding its sovereignty and right to unilateral action in every other domain.”