- 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)