Caught in the spider's web

Wall street is an incestual place.  Gretchen Morgenson had a great piece in The Times yesterday about the links between The Street and The Fed.  Interesting tidbit that I did not know:  the NY fed is a private institution paid for and managed by wall street.  They select their own regulators!

Introducing the new DC Lotto

You too can invest in risky toxic bank assets. The treasury wants you to lose twice on the toxic asset bailout. 1) put your tax dollars up to guarantee the scheme and 2) put your non-tax dollars up to fund it.

Sachs and Soros Slam Geithner and Private Partnership

Jeff Sachs finds obvious holes in how the FDIC is going to lend money to the banks, and George Soros adds his own shape to the recession.... an upside down square root sign.... ladies and gentlemen, we've gone plaid.