Some interesting reading for a sleepy Tuesday afternoon:

As Subprime Lending Crisis Unfolded, Watchdog Fed Didn’t Bother Barking (WaPo)

How Bank of America Used Merrill Losses to Bully the Government (Law.com)

FDIC Proposes Banks Prepay Deposit Fees Through 2012 (Bloomberg)

A risky revival (FT)

Earnings Revisions at a Two Year High (Bespoke)

• Dylan Ratigan: Why Would We Let Them Rig the Game?

We’re Speaking Japanese Without Knowing It (John P. Hussman)

THE LAST DAYS OF THE POLYMATH (intelligent life)

How Do Innovators Think? (HBR)

When the Sirens Sing, How to Avoid Giving in (Aleph Blog)

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You see anything else worth perusing?

Category: Financial Press

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