Extra Credit, Wednesday Edition

Know When To Hold ‘Em: Why the FDIC shouldn’t have sold IndyMac.

PIMCO says too early to buy emerging markets: In Asia, at least.

Probability, VIX, Bad Math, and Reporters Who Don’t Know the Difference: How the VIX massively overestimated actual stock-market volatility.

First, Fire the Regulators: And then make them stronger.

Doom On Wheels: Where are the financial covenants in the automaker bailout?

Watching the Growth of Walmart Across America: More gorgeous data visualization.

So Long: "It’s obviously possible, in engineering terms, to construct a subway line in fewer than 23 years." Yes, Ryan, but this is LA. You have to leave extra time for traffic.

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