Commentaries

Now raising intellectual capital

from Rolfe Winkler:

Lunchtime Links 12-21

Hedgie Tepper on pace to make $2.5 billion this year (WSJ) The moral hazard trade has a new face. Tepper bet big that government would rescue bank shareholders and creditors. He was right. Can we blame him? He didn't make the rules; he just played the game better than the rest once they were made.

Why can't Americans make things? Two words: Business school (Scheiber, New Republic) For 30 years we've been focused on teaching finance, not manufacturing...

At top subprime lender, policies were invitation to fraud (Heath, HuffPo)

Fannie/Freddie suspend foreclosures for holidays (AP) Citi, JP Morgan and BofA have followed suit.

Goldman threatens to move some London staff to Spain (Evans, Independent)

Citadel files for bankruptcy (Spector/McBride, WSJ) The syndicator of Don Imus' morning show is the latest radio company to struggle with debt. See also Clear Channel, Emmis and Regent....

  •