Extra Credit, Friday Edition

James Cayne risks lawsuit as he seeks counter-offer for Bear Stearns: Is this why he didn’t sign the merger agreement?

More on debt and net worth

Fed funds question: Krugman asks if Fed funds can go much lower. I think they can – and that Treasury rates can go negative.

The Liquidity Trap Cometh…: Brad DeLong looks at the credit markets.

A crisis? Or a mere recession? An Indian pundit puts things in perspective.

Clarke and Dawe: the comic duo you can bank on: John Bird and John Fortune, with Aussie accents.

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