• Good bank/bad bank snipouts preferable to having taxpayers overpay for junky assets [John Hussman] #
• AEI’s Peter Wallison: don’t blame deregulation for credit crisis [Bloomberg.com] #
• Paulson’s been driving hard bargains, not bailouts, in rescues so far, sez Kevin Drum [MotherJones.com (!)] #
• More on Fannie and Freddie’s very special relationship to Congress [Wallison/Calomiris, AEI Financial Services Outlook]
• Gorgeous photos of “most alien-looking place on earth”, Yemen’s Socotra Island [Dark Roasted Blend]

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