Sunday links: too much risk

22Mar09

The Treasury’s new plan for toxic assets is hopelessly complex and overly generous. (WSJ.com, NYTimes.com, naked capitalism, MarketBeat, 24/7 Wall St., The Stash, Marginal Revolution, Market Movers, Clusterstock, Alea)

“The primary lesson of this crisis is that we, as a nation, took on too much risk — leveraging finite capital on a fantasy that no bet would ever go bad.”  (NYTimes.com)

AIG (AIG) should be allowed to finally fail.  (Baseline Scenario, Clusterstock also Economist’s View)

The backlash against the AIG backlash continues.  (The Balance Sheet, Joe Nocera, Bloomberg.com also Time.com)

The most galling thing about this financial crisis is that so many Wall Street types think they actually deserve not only their huge bonuses and lavish lifestyles but the awesome political power their own mistakes have left them in possession of. ”  (Rolling Stone)

The FDIC needs more revenue, pronto.  (Zero Hedge)

More indicators show fear has faded from market sentiment measures.  (Trader’s Narrative)

Divergence alert:  52 week lows and the S&P 500.  (Big Picture)

Reverse stock-splits “rarely work out.”  (MarketBeat)

Dr. Brett, “Seek out commentary from those you most disagree with and ask yourself what you would be seeing in the markets if that commentary proves to be correct.”  (SharpBrains)

Will US-foreign equity market correlations fall after the end of the current economic crisis?  (IndexUniverse.com)

Shouldn’t the iShares business, a market leader in a growing industry (ETFs), be an easy sale?  (WSJ.com)

Gold miners have lagged the shiny metal.  Might this reverse?  (WSJ.com, Humble Student also StockCharts.com)

“With industrial and utility use of natural gas declining, gas prices in the United States have already declined by two-thirds since the summer.”  (NYTimes.com)

“I don’t think we can view purchases by the Fed of government agency debt as “bailing out” China; quite the reverse.”  (Ultimi Barbarorum)

What happens when inflation really takes hold in an economy?  (Gregor.us also Econbrowser)

The “buy a house, get a green card” meme is gaining momentum.  (Marginal Revolution, WSJ.com, Big Picture)

How Simon Johnson of Baseline Scenario became a go-to-blogger on the credit crisis.  (Dealscape)

Profiles of two contrasting finance figures:  David Swensen and Nouriel Roubini.  (Portfolio.com, ibid)

Mary Meeker on latest Internet trends.  (Infectious Greed)

The opportunities inherent in two big web ecosystems. (Howard Lindzon)

“StockTwits has the potential to kill the false market guru once and for all.”  (Phil Pearlman)

March Madness is hot property for CBS (CBS).  (Silicon Alley Insider)

Curious what other bloggers are saying about Abnormal Returns? So are we. Feel free to check out a compilation of reviews.

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