Lunchtime Links 12-11
Jamie gets a deal! (Bloomberg) Prof. Linus Wilson had been estimated that warrants the government got as part of its TARP bailout for JP Morgan were worth $11-$37. They ended up selling for $10.75. The lower price is most likely because these are not common securities, are illiquid, and therefore worth less than we all thought. Can’t really complain. The market spoke. Dimon looks smart for refusing to negotiate bilaterally with Treasury to repurchase them. Treasury was driving too hard a bargain. IIn retrospect, that means the deals on TARP warrants for the likes of AmEx and Goldman ended up going off much better for taxpayers. But Hank Paulson still did far worse negotiating with banks for emergency capital than Warren Buffett. Shame.
Stratfor: It’s not just Greece, other Eurozone countries (Delivingne, Money Game)
Wealth rebound in Q3, is it sustainable? (EconomPIC data) More fun from the Fed’s flow of funds report.
Why women are hottest in coutries with too few dudes (Hooking up smart) Supply and demand at work.
Craigslist and eBay in legal fight (Hals, Reuters)
Bad choice of ClipArt (imgur)
I find this hilarious….a pretty emotional reaction to Return of the Jedi….”do they put R2D2 back together?”