I know many of us were glued to the stock market numbers this week, there was probably good financial information that you missed:
- Joseph Stiglitz assesses the political and policy landscape that got us here. This is a Must Read.
- The Lehman credit default swaps auctions this week value those at 8.625 cents on the dollar. Barry Ritholtz over at the Big Picture earlier this week pointed to this Financial Times article that speculates that the anticipation of such a low recovery may be why the markets were so unstable this week. Note in this article that Fannie and Freddie settled at 91 – 99 cents on the dollar, highlighting the fact that its debt was not in default.
- Paul Volker tries to provide some clarity and reassurance to the financial crisis. How come BushCo couldn’t manage this Friday morning? OK, I lost my mind for a minute.
- One in six homeowners is underwater. Scary. Be sure to click on the graphic to see the distribution of these problems across the US.
- A number of economists and financial minds put together a booklet — Rescuing our jobs and savings: What G7/8 leaders can do to solve the global credit crisis that looks like very interesting reading over coffee in the AM. Brad Delong provides his article here.
- Bill Moyers had the always interesting George Soros on his program Friday talking about the global capital meltdown and his ideas for fixing it all.
- The End of American Capitalism Sobering.
Have you read any financial articles that you want to share? Drop those links in the comments.