In the NYT this morning, David Leonhardt writes that the Federal Reserve should do more to push against inflating investment bubbles: The Fed could have tightened financial rules, like the amount of cash that must be put up for a given investment. It also could have used the bully pulpit. Imagine what might have happened [...]
Businessweek.com has a lovely slide show (link from Harold Maass) of mortgage industry executives who used to be really rich and now aren’t so much. Meanwhile, Bloomberg has an article (via Trader Daily) on how the credit crunch “may cut Wall Street bonuses for the first time in five years.” Hooray for that, I say. [...]
