Readings

• Funds try to spot the great oil rebound (Telegraph)
• The Rage of the Privileged Class As It Loses Its Privileges (New York Magazine)
• Why Capital Structure Matters (WSJ/Milken)
• Will Wells Fargo be hurt by Wachovia’s toxic assets?  (Fortune)
• Wimbledon boost prize moneys, adds new roof (Bloomberg)
• KC Fed’s Hoenig calls "too big to fail" a farce (HousingWire)
• Current issue of Wired edited by J.J. Abrams full of puzzles, brainteasers and illusion (Wired)
• China: Let’s call the whole crisis off (Pettis)

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1. Fed”s Hoenig: "Too Big Has Failed"
2. Readings II
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4. Readings: CDOs, Hong Kong, Petrodollars, Dow 5000, etc.
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