Felix Salmon

Hypothetical ethical quandary of the day

June 12, 2009

Let’s say you’re empty-walleted Tim Geithner, and a senior Citigroup executive offers to buy your home — currently being rented out for rather less than its monthly cost — for the full asking price of $1.575 million. Naturally, you suspect that your identity is responsible for the fact that the buyer isn’t looking to haggle over the price. What do you do?

Chart of the day: Risk and size in banking

June 12, 2009

Mike at Rortybomb creates this chart from the official stress-test results:


Says Mike:

There was an argument from the big-is-better crowd that larger banks may have more losses net, but as a percent of total assets it will be smaller…

How to sleep better at night

June 12, 2009

Another reason to talk to your grown children about your financial affairs.

The end of rescues

June 12, 2009

As the current crisis evolved, global governments and central banks went into their arsenals and wheeled out a series of fiscal and monetary weapons — including, famously, a bazooka. The central banks even managed to improvise a few brand-new armaments of their own, mostly carrying unpronounceable four-letter acronyms like TSLF.

Thursday links get there in the end

June 12, 2009

Survivor, CJR edition: Who can make it through to the end of a panel featuring Bill Ackman and Gretchen Morgenson?

Do expert wine investors make more money?

June 11, 2009

As every financial journalist knows, if you talk to self-proclaimed experts at investing in some given asset class, those experts will always tell you that what you really need, if you want to invest in their asset class, is expertise. This is not helpful. But Brett Arends seems to have bought it, at least when it comes to wine:

Bloomberg overstretch watch, Zipcar edition

June 11, 2009

Dealscape joins in the Bloomberg-bashing:

Bloomberg’s attempt to wring a bit of news out of an apparently boring interview with Zipcar CEO Scott Griffith makes it clear the traditional news outlets are often just as guilty of churning out nonsense as the user-generated content, blogs and tweets they fear.

Colarusso leaves The Business Insider

June 11, 2009

Tomorrow is the two-week anniversary of Dan Colarusso‘s last blog entry — and last day of work — at The Business Insider. After the fanfare surrounding his arrival, his departure after just four months on the job has been very quiet indeed, but does raise the question of whether and how a group blog should try to manage its contributors.

Amherst’s CDS coup

June 11, 2009

The WSJ’s 1180-word story on “a canny trade by a small brokerage firm in two markets at the heart of the financial crisis” is not easy to follow, but it’s really kinda fabulous.