Extra Credit, Wednesday Edition

America’s hottest investor: Another fund manager gets the Fortune hagiography treatment. Even if he deserves it, this is not necessarily a good thing.

Auditor: Supervisors Covered Up Risky Loans: "About 75 percent of the time, loans that should have been rejected were still put into the pool and sold, she says."

J.P. Morgan: Inflation to Hit 5%

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