Race to the Bottom reviews Mary Schapiro's first speech and finds it just right.
Stockbroker Fraud Blog notes that the SEC is asking for comments on a FINRA rule proposal regarding brokerage house liquidity requirements.
Jim Hamilton notes that the bailout bill repeals the very controverisal IRS Notice allowing banks to offset losses when they buy other banks. For more about IRS Notice 2008-38 click here.
NYT DealBook reports that Alan Greenspan says he was "mystified" by the subprime market. Why should he be different from anyone else?
Okay, permit me one Madoff - this also from DealBook - foundations that invested with Madoff may be subject to excise taxes for not vetting their investments properly.
Friday links: not taking enough risk
14 hours ago
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