Is the subprime mess on par with the S&L crisis? (WSJ.com)

There is only so much the government can do in the midst of the subprime mess. (NewYorker.com)

Are analysts misreading the impact of “mark-to-Citadel“? (Financial Crookery)

“Both MBIA and Ambac will need to raise capital in order to support their AAA ratings and avoid a ratings downgrade”. (FT Alphaville)

Breaking news!…MBIA moves to raise equity capital. (DealBook)

Might the Fed stand pat? (naked capitalism)

Option tactics and bottom-fishing in financial sector. (Daily Options Report)

“(H)edge fund indices should be taken as illustrative only.” (All About Alpha)

Vanguard dips their toe into the world of long-short equity mutual funds. (FinancialWeek)

An IRS ruling removes the advantage currency ETNs had over currency ETFs. (IndexUniverse.com)

Research into the role of industry selection in mutual fund performance. (Financial page)

What was Portfolio thinking printing an article that hypes the EMH hypothesis some 40 years after its introduction? (Crossing Wall Street)

Dimensional Fund Advisors push into the UK and Europe. (FT.com/Yahoo! Finance)

“We wonder how many investors are really willing to do the necessary work. The intelligent investor may be the most easily trapped, thinking that it is all pretty easy.” (A Dash of Insight)

On the value of “independent M&A advisors” to the C-suite. (Epicurean Dealmaker)

Have a few minutes to kill? Check out an addictive, free online geography quiz. (Traveler IQ Challenge via Very Short List)

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