Early links (New York), Aug. 26

August 26, 2009

Traders at French banks will have to wait three years to collect their bonuses — and face the prospect of getting nothing if their trades lose money for two years — under rules outlined by President Nicolas Sarkozy. (Reuters)

Any talk of a bottom in U.S. house prices is premature. (Calculated Risk) But James Hamilton sees a silver lining. (Econbrowser)

Ben Bernanke as arsonist as well as financial fire-fighter: “Mr Bernanke was the intellectual architect of his predecessor Alan Greenspan’s policies that so distorted global finance and pushed debt to historic extremes.” (Ambrose Evans-Pritchard, The Telegraph)

Is fiscal stimuli, like comedy, all in the timing? (Karel Mertens Morten O. Ravn, Vox EU)

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Good morning America. Now we have the fire department involved. Comedy of Errors.

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