Now more than ever, Republicans and Democrats are separated by expertise. (The American Prospect) Raising the question: why are experts so politically biased?
At Bank of America, Even Good News Is Bad News (Deal Journal) Settling billions in put back cases, but the economy, regulations and housing markets will still crush the bank.
In Greece, Some See a New Lehman (New York Times) As of February, 44.3 percent of prime money market funds in the United States were invested in the short-term debt of European banks.
Paredes Speech on Hedge Fund Regulation (Bainbridge) Yes, over-regulation is a problem.
Why a Global Economic Slowdown Could Benefit the U.S. (The Atlantic) Because "risk aversion" still screams "buy Treasuries."