Crisis on Wall Street: Lehman to file for bankruptcy protection, Merrill Is Sold

[brendan]

I was referring to the comment that "OTCs are derivatives"

[brendan]

WaMu Is Seized, Sold Off to J.P. Morgan,
In Largest Failure in U.S. Banking History
http://online.wsj.com/article/SB122238415586576687.html

[brendan]

How to Pay Less For Distressed Financial Assets
By LUCIAN BEBCHUK
Mr. Bebchuk is a professor of law, economics and finance at Harvard Law School. This op-ed is based on his just-issued white paper, "A Plan for Addressing the Financial Crisis."
http://online.wsj.com/article/SB122238704668077137.html
http://economistsview.typepad.com/economistsview/2008/09/bebchuk-a-plan.html

How to Restore Trust In Wall Street
By ARTHUR LEVITT JR. and LYNN TURNER
Mr. Levitt was chairman of the Securities and Exchange Commission from 1993 to 2001. Mr. Turner was SEC chief accountant from 1998 to 2001.
http://online.wsj.com/article/SB122238715655877159.html

Greed, Or Incentives?
Richard Epstein
Richard Epstein is a senior fellow at Stanford's Hoover Institution and a professor of law at the University of Chicago.
http://www.forbes.com/opinions/2008/09/22/libertarian-mortgage-lease-oped-cx_re_0923epstein.html?partner=rcm

Main Street Needs the Treasury Plan
By KENNETH D. LEWIS
Mr. Lewis is chairman, CEO and president of Bank of America.
http://online.wsj.com/article/SB122238687448377065.html

The Public Deserves a Better Deal
By JOHN PAULSON
Mr. Paulson is president and portfolio manager of Paulson & Co. Inc., a New York-based investment management firm.
http://online.wsj.com/article/SB122238667352477103.html

Greenspan Calls for Action on Financial Crisis
http://blogs.wsj.com/economics/2008/09/26/greenspan-calls-for-action-on-financial-crisis/

[Noblesse]

(Henry Paulson)

[brendan]

Is Clinton to blame?
http://gregmankiw.blogspot.com/2008/09/distorting-history.html

The Dark bailout
http://gregmankiw.blogspot.com/2008/09/dark-bailout.html

[AppleXY]

I was referring to the comment that "OTCs are derivatives"

lol oh sorry. Yeah, that was poorly worded. I = phial.

[brendan]

Another article in defense of short selling
http://www.cis.org.au/executive_highlights/EH2008/eh68608.html

[brendan]

Shorting Financial Stocks Should Resume
By ARTURO BRIS
Mr. Bris is a professor of finance at IMD (the business school in Lausanne, Switzerland), a research associate at the Yale International Center for Finance, and a research fellow at the European Corporate Governance Institute.
http://online.wsj.com/article/SB122265283870284355.html

[AppleXY]

Rejection of TARP (Troubled assets relief program) "bailout"

http://feeds.reuters.com/~r/reuters/topNews/~3/406783164/idUSTRE48S7TB20080930

[brendan]

Commentary on the Financial Mess by

   1. Larry Summers
   2. Lawrence White
   3. Steven Horwitz
   4. Robert Shiller
   5. Thomas Sowell
   6. Kevin Hassett
   7. Jeffrey Miron

http://gregmankiw.blogspot.com/2008/09/more-commentary-on-financial-mess_29.html

[Mao]

http://www.news.com.au/business/money/story/0,25479,24429406-462,00.html

Our country is not facing a choice between government action and the smooth functioning of the free market. We're facing a choice between action and the real prospect of economic hardship for millions of Americans,'

[brendan]

We Need to Recapitalize the Banks
By EDMUND S. PHELPS
Mr. Phelps, the winner of the 2006 Nobel Prize in economics, directs the Center on Capitalism and Society at Columbia University.
http://online.wsj.com/article/SB122282719885793047.html

[brendan]

First, Let's Stabilize Home Prices
By R. GLENN HUBBARD and CHRIS MAYER
Mr. Hubbard, dean of Columbia Business School, was chairman of the Council of Economic Advisers under President George W. Bush. Mr. Mayer is a professor of finance and economics and senior vice dean of Columbia Business School
http://online.wsj.com/article/SB122291076983796813.html

What CEOs Can Learn From Paul Newman
By JOHN C. WHITEHEAD and PETER L. MALKIN
Mr. Whitehead is former deputy secretary of State and former co-chair of Goldman, Sachs & Co. Mr. Malkin is chairman of Wien & Malkin LLP. They are both honorary chairs and directors of the Committee Encouraging Corporate Philanthropy.
http://online.wsj.com/article/SB122291062328096769.html

[brendan]

Interactive features:

http://graphics8.nytimes.com/images/2008/09/16/business/0916-biz-NOCERA2-web.gif

How a Market Crisis Unfolded
http://www.nytimes.com/interactive/2008/09/15/business/20080915_TURMOIL_TIMELINE.html

How the Credit Crisis Unfolded
http://www.nytimes.com/interactive/2008/10/01/business/20081002-crisis-graphic.html

Three Weeks of Financial Turmoil
http://www.nytimes.com/interactive/2008/09/27/business/economy/20080927_WEEKS_TIMELINE.html

[brendan]

How Government Stoked the Mania
By RUSSELL ROBERTS
Mr. Roberts is a professor of economics at George Mason University and a scholar at the Mercatus Center. His latest book is a novel on how markets work, "The Price of Everything: A Parable of Possibility and Prosperity" (Princeton University Press, 2008).
http://online.wsj.com/article/SB122298982558700341.html

Development Doesn't Require Big Government
By WILLIAM EASTERLY
http://online.wsj.com/article/SB122299032640300401.html