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Extra Credit Friday Edition

Market Movers

by Felix Salmon
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Sep 05 2008 6:08pm EDT

Extra Credit, Friday Edition

A masterwork goes missing: By Fernand Leger. "'It's the largest loss Travelers ever had,' said Andrew Gristina, director of fine art insurance for the company."

All locked-up: A $2.3 billion fund with a 25-year lock-in.

Moody’s and model risk, redux: A new model, a new bug.

National City offers cash to cut equity lines: Don't they have the right to just do that unilaterally?

Tyler Cowen IMs with Ezra Klein: "No one can gaze into the distance like Obama. He's the most talented distance-gazer possibly ever, and there's no way for Ray Fair's model to possibly account for the power of that."

Graph of Owner Equity plus Real Estate Market Appreciation: Apparently the median homebuyer, vintage 2008, has already made money on their investment.

Science Proves Exotic Cars Turn Women On: "As for the Polo? Everyone had less testosterone after listening to it. "

The Sarah Palin Church Video Part One: “Pray about that also. God’s will has to be done in unifying people and companies to get that gas line built. So pray for that.”

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