- Secret EU document says full-scale bank bailout could send EU into crisis (Telegraph)
- China to stick with US bonds — even if it is not happy about it (FT)
- Bank Stress Test May Expand Regulators’ Role (NYTimes)
- The rise of pessimism porn (NY Magazine)
- Wilbur Ross says investors waiting for banks to write down assets before dealing (Bloomberg)
- New loans rise at record rate in China (Shanghai Daily)
- Some tech companies seeing compensation cuts (EETimes)
- Churchill vs Chamberlain (Emanuel Derman)
- Wealth Does Not Pass Three Generations (Mish)
- Crisis lessons from Irving Fisher: Fix the debt-deflation disease, not its symptoms (vox)
- Can the improvement in the US trade balance continue? (Setser)
- A TARP 2 plan that really gives the banks to the people (WSJ)
- Combination photo of eight bank CEOs testifying (Reuters)
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