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Links -Read and Update yourself

  • That’s enough ‘kicking ass’, Mr President: Barack Obama’s attacks on BP may play well at home, but they are damaging millions of British people (London Times)
  • Banks with state debt ignore not-if-but-when default (Bloomberg)
  • As reported, Caja Madrid, Bancaja start moves to form Spain top savings bank, as BBVA says Spain may need €50 billion of capital to infuse into insolvent banks (Bloomberg)
  • BP weighs cutting dividend (WSJ)
  • Kerviel co-worker says SocGen should have known about trades (Bloomberg)
  • Waiting for inflation? It’s already here (Minyanville)
  • Enough with the economic recovery. It’s time to pay up (WaPo)
  • Irked CDO investors now targetting Merrill (WSJ)
  • Lehman emails that say “stupid” didn’t stay “just between us” (Bloomberg)
  • US firms holding record piles of cash underscoring worries about sustainability of financial recovery (WSJ)
  • Hungary PM says to issue second economic action plan in H2 (Reuters)
  • The bearish forecasters who rose to fame in the market crash of 2008 have, for the most part, not surrendered their pessimism. Their moment could be coming back around (BusinessWeek)
  • Risk/reward from current levels (Green Faucet)
  • The beginning of the end for Wall Street (RCM)
  • Daily humor from disgraced car czar Steve Rattner at the only venue desperate enough for clicks to still have him: How Wall Street stokes populist fury (MSN)