Tuesday links: barbells and bailouts

23Sep08

For Goldman Sachs (GS) and Morgan Stanley (MS) “Investors need to understand that the Fed’s oversight gives very little wiggle room.”  (WSJ.com)

Don’t think Washington wasn’t in part to blame for the current mess.  (Deal Journal)

In fact, every one is to blame.  (EconLog also Infectious Greed)

The Swedish bailout model involves extracting a pound of flesh, i.e. equity stakes, from banks.  (NYTimes.com)

We are all becoming involuntary shareholders in the nation’s banking system.  (Curious Capitalist)

More criticism of the bailout.  (NakedShorts, Aleph Blog, Big Picture, ClusterStock.com)

Hedge funds are hurting for incentive fees this year.  (Deal Journal)

Uh oh, hedge funds are seeing stepped up redemptions.  (naked capitalism)

Might smaller investment banks thrive in this environment?  (WSJ.com)

The investment banking industry is going to look like the hedge fund industry, a barbell.  (Information Arbitrage)

We still need to fear the continued spread of tight credit conditions from the financial sector to Main St.  (FT Alphaville)

It wasn’t Fannie and Freddie’s fault.  (Economist’s View)

Why did the housing meltdown in the US?  (Econbrowser)

Credit default swap trading is concentrated in a handful of banks.  (Marginal Revolution)

Should GE (GE) spin-off GE Credit?  (DealBook)

No wonder a cheddar & tomato omelet cost $50 this morning.  Feds investigating price collusion in food and agriculture.  (WSJ.com)

The oil bulls are back.  (CNNMoney.com)

Financial crises are not all that rare.  (Odd Numbers)

There is no shortage of volatility these days.  (Bespoke Investment Group)

Do emerging market equities look cheap?  (Bill Rempel also Abnormal Returns)

Speaking of divergences, what looks better these days equity or debt?  (Infectious Greed)

A test of a VIX-based timing system.  (MarketSci Blog)

Newbie traders, don’t try to “short-circuit” the learning process.  (TraderFeed)

Take a look at stocks that drop too much (and pawn shop operators) in this environment.  (FT.com)

How much can (or should) a successful blogger earn from their blog?  (A VC)

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