Extra Credit, Thursday Morning Edition

Emerging Europe seen key crisis flashpoint: or is it Bank Crisis Is Bypassing Central and East Europe? They report, you decide.

CME Group and Citadel to Launch the First Integrated Credit Default Swaps Trading Platform and Central Counterparty Facility, Linked to CME Clearing: This is possibly extremely good news, but we have to wait and see whether it works in practice.

Fact Sheet: President Bush Calls for Expanding Opportunities to Homeownership: From 2002: "Today, President Bush announced a new goal to help increase the number of minority homeowners by at least 5.5 million before the end of the decade." So much for blaming Clinton-era CRA expansion for the current mess.

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