Extra Credit, Sunday Edition

Dear Investor: Dreadful returns from hedge funds.

Agency’s ’04 Rule Let Banks Pile Up New Debt: Good narrative reporting from Stephen Labaton.

The Economist’s poll of economists: They’re overwhelmingly pro-Obama.

A Proposal for Money Market Funds, and More: I like this idea.

Wells-Wachovia: That’s $270 billion less we’re on the hook for: "One thing about the new Big Three that I find interesting: Their names are all brands they picked up along the way from banks they acquired. If I’ve got it right, they’re really Chemical, Nationsbank and Norwest."

Correa May Cancel Payment of Some "Illegitimate" Debt: Not global bonds.

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