Extra Credit, Thursday Edition

March 12, 2009

Why letting Lehman go did crush the financial markets: A great post from Sam Jones.

Trickle-up bailouts: Bail out the borrowers, not the banks.

What Does It Mean to “Bury” a Bank? Chances are, Richard Shelby doesn’t have a clue.

Panics and Booms, a lesson from 1897: Another one for the plus ça change files.

Cumulative high yield defaults could hit 50%, says Goldman Sachs: With recovery rates as low as 12%.

Reprinted from Portfolio.com

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