Extra Credit, Wednesday Edition

Morally Conflicted About Walking Away? Don’t Be. California is a non-recourse state for a reason; take advantage of it.

Fed Economists Duel Over Crisis ‘Myths’

October Pain Was ‘Black Swan’ Gain: How Taleb’s new fund is performing.

Convertible Bonds Cause Hedge Funds Serious Pain: "The $200 billion convertible-bond market has lost 36% so far this year, a bit more than the stock market, according to Merrill Lynch. But the average convertible-bond hedge fund has lost about 50% in that time, including a 35% plunge in October."

Moody’s downgrades Ambac Financial to junk status, insurance unit still investment grade

This entry was posted in remainders. Bookmark the permalink.