Thursday links: too big to exist

09Apr09

Another one bites the dust.  Berkshire Hathaway (BRK) loses its Aaa from Moody’s.  (DealBook, WSJ.com, Felix Salmon)

And the stock picks up an endorsement from Doug Kass.  (TheStreet.com)

The Meredith Whitney myth might be in line for a downgrade.”  (WSJ.com also Clusterstock, Dealbreaker, Felix Salmon)

What is GE (GE) hiding in GE Capital?  (Clusterstock)

It is hard to believe Wells Fargo (WFC) really is making record profits.  (Howard Lindzon)

Google (GOOG) should kick back to shareholders some of their excess cash.  (DealBook)

Fund incubation is not only a problem for hedge funds.  (All About Alpha)

Jeremy Siegel on why we need to re-examine index earnings when some companies have sharply negative earnings.  (Yahoo! Finance)

Don’t listen to the bond market if you are bullish on the economy.  (WSJ.com)

Sentiment measures have rebounded and more bad news is coming down the road.  (Trader’s Narrative, Zero Hedge, Economist.com)

Just who are we trying to protect by limiting short selling?  (Dealbreaker, Atlantic Business)

“I have yet to hear a single responsible official in any industrial country state what is obvious to most technocrats who are not currently officials: anything too big to fail is too big to exist.”  (Baseline Scenario also Capital Spectator)

A nice primer on how home price declines get propagated (and magnified) into mortgage securities prices.  (Clusterstock)

How Ben Bernanke has “quietly revolutionized” the Fed.  (WashingtonPost.com also Freakonomics)

Harbingers of disaster often get short shrift even when they tell us something that we suspect, in our bones, is probably true.”  (Times Online)

It sounds like the Obama administration wants to give you the opportunity to invest in bailout funds.  (NYTimes.com, Dealbreaker)

“So the thing to watch is not TALF loans, which I’m sure is what the media will focus on. Watch ABS issuance.”  (Accrued Interest)

Who is going to use up TARP funds first?  The life insurers or AIG?  (Dealscape, The Big Money)

How one trader uses Twitter/StockTwits.  (Daily Options Report)

Financial blogs in the spotlight.    (CNNMoney.com via FT Alphaville)

Just what constitutes “fair use” in the blogosphere?  (kottke.org)

The Pentagon conducts a first of its kind war game focusing on economic warfare.  (Politico.com)

Hard economic times are causing Americans chronic stress.  We all need a way to chill out, at least for a little while.  (The Frontal Cortex)

Thanks for checking in with Abnormal Returns. Feel free to contact us with any questions and/or comments.

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