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Extra Credit Thursday Edition

Market Movers

by Felix Salmon
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The Pressure to Hedge in the Credit Markets   When it Rains, it Pours

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Sep 25 2008 7:33pm EDT

Extra Credit, Thursday Edition

J.P. Morgan to Buy Bulk Of WaMu Operations: "The deal isn't expected to result in any hit to the bank-insurance fund, which would be a huge relief given that some analysts worried that a failure of the thrift could cost more than $20 billion."

Surface Transit: "The fact that Manhattan’s very limited and very valuable public roadways are given over, free of charge, to so much private vehicle traffic and zero rapid transit is ridiculous."

The Bailout, A Play: "A Rational Man: Is this socialism? Henry Paulson: No, this is necessary."

And finally, you've gotta love Bernie Sanders:

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