Sunday, June 28, 2009

A Crisis That Just Won't Die

Calculated Risk has a multiply-worthwhile post this evening:

It links to a Guardian (UK) article "scooping" a Bank of Int'l Settlements report that calls for more action on toxic assets on the books of large complex financial institutions; links to a WSJ article detailing the incredible shrinking PPIP; and, interestingly, repeats CR's prior view that certain Big Finance companies should have been allowed to be "pre-privatized".

Linking to the above will then allow cross-links as described.

Those who have not read CR should know that this is the most factual, least opinionated financial blog I have seen. For CR to still, in retrospect, favor the view that BofA should have been put out of its misery is compelling.

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