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Tyler Durden

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Michael Lews on the Villain at AIG

By Tyler Durden | July 04, 2009 | 6:26 PM | 0 Comments

Michael Lewis joins the Zero Hedge choir, takes on Joe Cassano: The Man Who Crashed the World

Other weekend reading:

  • More on StevePerkinsGate: PVM taking a page from the oldest playbook in the world (FT)

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  • India joins China, Russia in questioning USD dominance (Bloomberg)

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  • Palin to resign as Alaska governor, will not seek reelection (WSJ) [not even worth discussing the Republican due diligence process]

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  •  Ignoring prophetic predictors (Nader)

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  • Staffer at SEC had warned of Madoff (WaPo, h/t dartmont)

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  • Recovering ABS may relapse if TALF support pulled (Reuters)

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  • Arnold's IOUs will pay 3.75% (Bloomberg) which Bank of America can't wait to launder with taxpayer money (PR)

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  • China needs domestic consumption for economic recovery (Bloomberg), in other words a US-style credit bubble, combined with compelte fake economic data, can only go so far.

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  • The Taleb - Tavakoli vendetta post-it update (Alphaville)

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  • Banks own the US government (Guardian)

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  • North Korea fires five more missiles (Bloomberg)

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  • New York city sees slide in tourism (WSJ)

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