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Links 6/5/09

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Tickled apes yield laughter clue BBC

Staffer: Clemson manipulated rankings Charlotte Observer

Fuld alma mater to teach financial literacy The Deal. Better late than never, I suppose….

CFO Survey: Recession to Drag on for Rest of 2009, Credit Conditions Deteriorate for Many Firms, Capital Spending and Employment to be Slashed Duke/CFO Magazine (hat tip DoctoRx). Aside from that, Mrs. Lincoln, how was the play?

Ailing, Banks Still Field Strong Lobby at Capitol New York Times

Fed dismisses Tarp objections Financial Times

Insight: Crowded debt sales risks causing ‘auction fatigue’ Gillian Tett, Financial Times

SEC VS Mozilo – Where Does This Go? Bruce Krasting

‘Demand [for oil] is in the toilet’ FT Alphaville (hat tip reader Michael T) versus Oil price tipped to soar on Chinese demand Times Online

The WSJ on Stephen Friedman Independent Accountant

More Sausage Hiding: Banks Karl Denninger

Why the Present Depression Will Be Deeper than the Great Crash of 1929 Of Two Minds

Who Are Those Guys? The Burning Platform (hat tip reader Jim Q). Long, but some useful historical data.

Antidote du jour:

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12 comments

  3. FO

    typos

    FDIC Keen to Designate Ciit a Problem Bank, Change Management
    ciit is citi

    tale-of-two-depressions
    countries still had nasaty downturns,
    nasty

  5. Richard Kline

    Butchie: "Awright, lady: put down that hairdryer and hand over the biscuits, and nobody gets hurt. Don't make me repeat myself"

  8. Anon1

    Green shoots! Green shoots I tell you! The market is up! All is well!

    Stop the reality-based nonsense and get with the program, damnit.

  9. emca

    Probably the best summary of what to expect in the coming year is the Duke CFO survey. (Surprisingly?)There were many quotable lines, but this stuck out:

    "The big concern is we might hear the other shoe dropping, with the liquidity crisis that is strangling these companies creating substantial risk for the world economy.”

    These companies refers to businesses with "constrained" cash reserves, who therefor have to rely on lines of credit to keep operations moving. It is such liquidity for those very firms that is in jeopardy now, with lending institutions shying away from such risks.

    If we hear that shoe dropping, TARP or not, despite best intentions/efforts/prayers of the crew, the bulkhead's been breached and the economy will seek its bottom in an ocean of debt.

  10. Views By a

    "[Summers] dedicated only a brief, vague paragraph to the costs that would be incurred (a to-be-defined “formidable financing challenge”). Subsequent letters were similarly quiet on the subject."

    U.S. stimulus? Nah, Harvard's Allston project circa 2003.

    a

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