BizJournals Portfolio
Mar 15 2009 11:56pm EDT

Extra Credit, Sunday Edition

Dream of homeownership remains strong despite current recession: Americans: will they never learn?

Study finds less than third of HFs actually pocket mythical “2 and 20″

ABS Issuance: Is going up in the rest of the world as fast as it's declining in the US.

Wal-Mart Can Do Us Good Taking on Bank of America: David Reilly makes the sensible suggestion that if we want new, well-capitalized banks, then Wal-Mart would be a great place to start.

Ex-IMF Chief Calls For New Global Super-Agency: Camdessus seeks to beef up the IMF.

Who needs a lawyer? A very useful Stanford FAQ from Alex Dalmady.

A think-nugget from Arnold Kling inspires a very long riff: On how banks add value, on the risks that they pose, and on what we might be able to do about it. Steve Waldman then follows up with this:

I don't think those previous recoveries were real. My view is that the crisis that we're in now is precisely the same crisis we've been in since at least the S&L crisis. We've had a cancer, with some superficial remissions, but fundamentally, for the entire period from the 1980s to 2008, our financial system in general and our banks in particular have been broken.

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