U.S. Sovereign CDS Rockets to 82 bp: And it’s still very unclear who’s buying this protection.
Deutsche Bank Fallen Trader Left Behind $1.8 Billion Hole: As suspected, it was on the CDS basis trade.
Harvard Endowment to Cut 25% of Staff: That’s about 50 jobs.
A new hedge fund business model: Ideas for fixing the present flawed incentives.
‘Infrastructure more helpful than tax cuts’: The IMF says that government spending boosts and tax cuts are the only thing keeping the global economy from an outright contraction.
Somali Pirates Get Ransom and Leave Arms Freighter: And the NYT gets some great quotes from one of the pirates, Isse Mohammed.