Brilliant: Credit Suisse To Pay Top Execs With Illiquid Mortgage Securities: It really is an astonishingly good idea.
This one Goes to Eleven: "It doesn’t make a lot of sense to look for the X,Y,Z ’causes’ of the crash because when feedback is present X,Y,Z may not be a problem even though X,Y,Z + epsilon creates a disaster."
Madoff ‘n’ Jeff: The ramblings of Bernie Madoff’s auditor.
That might be it for today, I’m travelling to California. Tomorrow I’ll be sunnier!