My morning reading:
• Companies Embrace Low Interest Rates by Selling Bonds to Raise Billions (DealBook)see also Verizon Sells a Record $49 Billion Worth of Bonds (WSJ)
• Callaway: Lehman and the day the buck broke (USA Today)
• After Nasdaq disruption, regulators are urged to rethink decades-old technology (Washington Post)
• 5 Years After the Crisis: What Banks Haven’t Learned (Fiscal Times) see also Inside the End of the U.S. Bid to Punish Lehman Executives (DealBook)
• Does America need to support credit rating agency competition? (MuniLand)
• Raghuram Rajan: The Case for India (Project Syndicate) but see Are Emerging Economies Entering a Lost Decade? (Bloomberg)
• Behavioral Risk & Rebalancing (Capital Spectator)
• By making iWork free on iOS, Apple could pummel Microsoft Office (Quartz) see also Forget “Cheap”, The iPhone 5c Is Clearly The iPhone Jony Ive Wanted For iOS 7 (TechCrunch)
• Electric Schlock: Did Stanley Milgram’s Famous Obedience Experiments Prove Anything? (Pacific Standard)
• eejits: Record Labels Sue Sirius XM Over the Use of Older Music (NYT)
What are you reading?
MBA: Mortgage Refinance Activity at Lowest Level since 2009
Source: Calculated Risk
Category: Financial Press
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