Welcome to the Politicus Pulse. Here are the links you need to see to get your day started off right. Consider this a cup of coffee for your mind.
To the Limit (NYT)
It isn’t at all unthinkable that the battle to raise the federal debt ceiling could end in failure.
June 2007: 10 Questions About CDO’s (The Big Picture)
Barry Ritholtz’s questions about CDO’s four years ago are just as relevant today.
Confessions of a Financial Deregulator (Project Syndicate)
Back in the late 1990’s, in America at least, support for financial deregulation was widespread, and the entire experiment turned out to be woefully misguided. But if it all looks like such a bad idea now, why didn’t it then?
Clap Like Crazy for the Confidence Fairy (Hullabaloo)
Is austerity really going to impress the bond markets when interest rates are at all time lows?
Will Cyrus Vance Turn His Head & Walk Away From DSK? (Emptywheel)
The case against DSK, Dominique Strauss-Kahn, is disintegrating at the seams.
Coming Back – Southside Johnny and the Asbury Jukes