Lunchtime Links 10-2
Schadenfreude Alert—Sandy Weill falls off Forbes 400 list (DealBook) He’s still doing ok.
Banks with 20% unpaid loans at 18-year high (Bloomberg) The figure should be higher: “The calculation didn’t include restructured loans modified after borrowers couldn’t keep up with the original terms, which have default rates of 40 percent to 60 percent within two months, according to SNL senior analyst Sebastian Hindman.”
Fed draws court’s eyes in Lehman bankruptcy (WSJ) Did the Fed jump ahead of other creditors unfairly?
Greenspan says Fed balance sheet an inflation risk (Reuters) Really, he sounds like Warsh. We have to unwind….but not yet. Felix has a more thorough takedown here.
Ted Williams’ frozen head abused at cyronics facility (NY Daily News)
You are being shagged by a rare parrot…