How Wall Street Lied to Its Computers: "The people who ran the financial firms chose to program their risk-management systems with overly optimistic assumptions and to feed them oversimplified data."
Running Down Wall Street: Carney on why the share price is so important to investment banks.
Titanic events in the market: "When the Titanic hit that iceberg, at first the crew didn’t think it was so bad. The ship’s hull was divided into watertight compartments, and not enough of them had been ripped open to sink the ship."
400 Points Later, All Is Well: "The equity market, and fundamentals are at this point distant cousins, barely on speaking terms with one another."
Kraft to Replace AIG in Dow: Think of it as the "stock up on canned goods" hedge.
Sarah Palin and John McCain on AIG: Studies in cluelessness.
Expresses Concern Over Markets: He’s postponed a trip out of town. Do you feel reassured now?
The financial crisis reaches Manchester United: Or, the Cristiano Ronaldo crisis reaches the US Treasury. One or the other.
Mies van Der Woes: "Decades of suburban development around Plano has meant that heavy rains have no place to seep in. As a consequence, since the Farnsworth House was built, it has suffered seven 100-year floods."