Nationalization Gets a New, Serious Look: The nationalization debate makes it onto the front page of the NYT.
Broader point about Geithner, Obama, China, and "manipulation": Fallows wants the Obama administration to be grown-up about China.
Fair’s fair: Language and the ultimatum game.
Against Bank Nationalization: David Merkel has some good points.
The Demand For Risk And A Macroeconomic Theory of Credit Default Swaps: Part 2: "The presence of credit default swaps and synthetic bonds should be expected to reduce the demand for ‘real’ bonds (as opposed to synthetic bonds) and thereby reduce the net exposure of an economy to credit risk."