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The Bernanke Put

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The FDIC says its new powers would have allowed it to “resolve” Lehman Brothers successfully. (Naked Capitalism) Unfortunately, the FDIC is just wrong.

Why does Greece insist it will not restructure? (Mish) Simple: Restructuring would wreck Greek pension plans.

Will The Fed create a literal Bernanke put? (FT Alphavill) Probably not. But Tracy Alloway has fun thinking about it.

Twitter in Talks to buy TweetDeck for $50 million (Wall Street Journal). Nope. No internet 2.0 bubble here. Move along. Nothing to see.

Foreclosure Probe Talks Said to Yield Some Agreements With Banks (Bloomberg) But we’re at least two months away from a final agreement.