Saturday Reading

• Must read 1: Revenge of the nerd: quants demystified (Newsweek)
• Must read 2: Learning from the great crash of 1929 (Bear Market Investments)
• Must read 3: Mauldin: The new, new normal (Big Picture)
• Must read 4: The other side: the government’s negotiation tactics with Chrysler now exposed (WSJ)
• Oops, there goes the expected closing date on the Citi exchange offer (FT, hat tip Brian)
• Labour suffers humiliating election wipe out (Telegraph)
• Gordon Brown expensed two of his second homes to British taxpayers (Telegraph)
• Florida stands to lose $1 billion because of Lehman bankruptcy (Tampabay.com)
• Jefferson county set to halt services, shut buildings (Bloomberg, hat tip SB)
• Weinstein Co. to restructure, hires Miller Buckfire (WSJ)
• Bond market rout lifts mortgage cost (AP)
• Alexei Kudrin has nothing but love for B- rated US Treasuries (Reuters)
• Teri Buhl: The real money is in flipping bank charters, not houses (Dealbreaker)
• Men’s Wearhouse affiliate buys Filene’s Basement in bankruptcy (Bloomberg)
• Detroit billionaire Roger Penske buys Saturn, to revamp dealership model (WSJ) [another preferred man sweetheart deal?]
• Hedge fund transparency measure dies in Connecticut (WSJ)
• Setser: The return of Brettonw Woods two (or Bretton Woods 2.1?) (CFR)
• The age of diminishing endowments (WSJ)
• Hummer deal snag: two Chinese agencies against acquisition of the company (NY Post)
• Uber Wonkish: Lots of interest lately in quant/stat issues. Some good high level reading from Taleb (Fooled by randomness)
• Attempting to explain market behavior: Daniel Kahneman on behavioral economics

• Must watch: Marcy Kaptur interrogates Ben Bernanke (hat tip Ian)

With big gratitude to Steve, Gwyneth and Sherrie for their donations

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