Extra Credit, Friday Edition

Counterparty of last resort? Yes, but: Steve Waldman on the Bear rescue.

Bush, Vote Buying and the 2004 Elections: Zubin finds another important paper.

A Stormy Decade for Citi Since Travelers Merger

Apfel hat Logistikproblem! (probably): "T-Mobile cut the price [of an iPhone] to 99 Euros with the top rate monthly contract of EUR89/month, and the handset goes up in price by EUR50 for every tariff plan below that." The iPhone is cheap in Europe!

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