Extra Credit, Friday Edition

Accountability for the

Troubled Asset Relief Program: The second Warren report (pdf).

Nationwide Inquiry on Bids for Municipal Bonds: It’s always been a very sleazy backwater of finance, and it’s good to see it getting its comeuppance. A very good overview of the scandal from the NYT.

Post Model Manifesto: "If everyone has the same truth, the system fails as it teeters toward an extreme. A uni-model system is less stable than multi modeled one."

Merkin’s Art Adviser Bought Expensive Rothkos, Lost Millions: The disgraced Ezra Merkin owns two 9’x15′ late Rothkos. But maybe not for long.

The "Show Me" Presidency: Ezra Klein on Obama’s response to Krugman’s column and blog entry.

So If You Lose Less Than A Billion, What Does That Make You? Once a star trader, always a star trader.

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1 Response to Extra Credit, Friday Edition

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