Extra Credit, Wednesday Edition

GM

Watch, Again: Foreclosures and Fees: Tanta on Morgenson. "High rates

of foreclosure and bankruptcy are money-losers for mortgage servicers, not profit

centers".

More

Bank, Brokerage Writedowns, Ratings Cuts Inevitable

The

dollar hits an all-time low against the Deutschmark

Price

Discrimination 101: On the economics of rude waiters.

How

Not to Follow the Example of Ocean’s 11: "When the students went

to see “Ocean’s 12,” undercover agents were seated right behind

them in the theater, eavesdropping as the young criminals made comments like

“Oh, this is just like us.” All four were eventually arrested and

are serving seven-year prison sentences."

Impressionist

and Modern paintings fetch $350 million at Christie’s: No sign of auction-market

weakness just yet.

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