Are the fiscal pockets deep enough to save the banks? Asks Willem Buiter.
Lehman: One Big Derivatives Mess
Pakistan, The Land That Financial Bad News Forgot: Part II: The flat-lining of the Karachi stock exchange.
Private sector loans, not Fannie or Freddie, triggered crisis
Prediction: On positive feedback to policymakers from the internet.
Whee: In which I try to explain to Ryan Avent that he should be really happy his 401(k) is down 39%.
The Financial Crisis, as Explained to My Fourteen-Year-Old Sister
Federal Reserve Skateboard: A Short Story: "He spun around just in time to see a golf-ball-sized lump of gold rapidly expanding in his vision. It struck him in the forehead, and he collapsed to the ground like a burlap sack full of scrapple. Congressman Ron Paul retrieved the gold nugget from the floor and returned it to his satchel. ‘Try that,’ he said, donning his sunglasses, ‘with a fiat currency.’"