Big bank break up idea gains ground in Congress (Drawbaugh, Reuters) Senator Sanders just introduced a bill to do that. As noted earlier, Kanjorski is working on amendment to do same.
Hedge fund giant surfaces in insider trading probe (Pulliam, WSJ) Steve Cohen’s SAC Capital is now under the microscope.
Einhorn: first let’s kill all CDS (NakedCapitalsim) The post refers to comments from Einhorn’s speech at VIC, but expands on it nicely, arguing among other things, that these financial weapons of mass destruction probably can’t be made safe no matter how aggressively you regulate them…
Michael Jackson’s father seeks allowance from dead son’s estate (BBC) His expenses are $20k per month, but he only gets $1700 from Social Security.
Why doesn’t exercise lead to weight loss? (Reynolds, NYT)
A symbol of the resilience of all indigenous people (TED) A great video, but the best tidbit begins at the 19:00 minute mark…
Jim Chanos, famed short-seller, not a fan of munis (Sullivan, Barron’s)