Lunchtime Links 9-9
New York nears charges on Merrill deal (WSJ) Judge Rakoff complained that the SEC wasn’t going after particular individuals responsible for misleading BofA shareholders. NY AG Cuomo is taking charge…
As an exotic mortgage resets, payments skyrocket (NYT) “I’m praying for another boom,” said Mr. Moller, 34. “Otherwise, we’ll have to walk.” You’re not the only one praying for another boom Mr. Moller, so is your bank…
Waiting for the death of the Chicago and Keynesian schools (Aleph) It’s rather convenient that Krugman dumped Minsky from his Sunday NYT piece. Minsky’s Financial Instability Hypothesis helps explain why Krugman’s Keynesianism is fatally flawed.
Men lose their minds speaking to pretty women (Telegraph, ht JP) “Researchers who carried out the study, published in the Journal of Experimental and Social Psychology, think the reason may be that men use up so much of their brain function or ‘cognitive resources’ trying to impress beautiful women, they have little left for other tasks.”
Amish romance novels are hot (WSJ) “Bonnet books” they’re called
Chaiten Volcano (more pictures here)