MUST READ:  A public service announcement – Posted by: Felix Salmon – Are you thinking of buying or reading Edmund Andrews’s book about how subprime lenders drove him to insolvency? Read this first.          And thank your lucky stars that there are bloggers out there (in this case, Megan McArdle) who do a much better [...]

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Long but fascinating: How Bernie Madoff pulled off his massive swindle – James Bandler and Nicholas Varchaver – almost like a biography – Fortune Yahoo.com
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interesting – Renouncing the Debt – John Mason –
There are three ways to get out of a debt crisis.
First, you can work off the debt, but this takes [...]

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Research Primer: Framework for Financial System Overhaul – Deloitte has issued a handy summary of the U.S. Treasury’s  proposed framework for regulatory reform of the financial system   Deloitte provides a simple summary of the four broad components to the framework:
- Addressing systemic risk: The U.S. Treasury defines systemically important institutions and proposes an [...]

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White House ponders: Are some hedge funds too big to fail? -  WASHINGTON – When the $9.2 billion Connecticut hedge fund Amaranth Advisors collapsed in 2006, securities attorneys jumped all over each other to express gleefully how the markets absorbed such a mega-fund failure.  In fact, the markets did soak up the implosion fairly [...]

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