A bank is not a casino.” (NYTimes.com)

A soup-to-nuts approach to a foreclosures. (Slate.com)

“Formalizing the Fed’s transformation into a market stability regulator makes sense.” (NYTimes.com also naked capitalism)

The dreams of a super regulator. (TheDeal.com)

Deleveraging is leading to a more normal muni bond market. (FT.com)

Naked shorting and the abolition of the uptick rule. (Daily Options Report, Aleph Blog)

Which is more sustainable: industry selection vs. stock selection? (NYTimes.com)

Some fund shareholder letters worth reading. (WSJ.com)

The top 50 ETFs sorted by revenue per fund. (IndexUniverse.com)

Does the existence of ETFs following the carry trade make it less profitable? (Mankiw Blog)

The motivations of people who want to manage your money. (Bill Rempel)

“Trading is not difficult because it blends action and inaction. It is difficult when we view trading through the lenses of firemen, creating both adrenaline spikes and boring interludes.” (TraderFeed, ibid)

Sex and money trigger the same region in the brain. (AP/HuffingtonPost.com)

Can any CEO effectively manage Citigroup (C)? (Market Movers)

Looking forward to this book by David Einhorn. (Amazon.com via World Beta)

A neat depiction of the evolution of non-farm payrolls in 2008. (Econbrowser)

The role of land use regulation in the housing bubble. (Economist’s View)

A historical precedent for how long the housing bust will last. (Calculated Risk)

How much is the personal use of a Blackberry worth to executives. (footnoted.org)

Is blogging hazardous to your health? (Howard Lindzon, blog.pmarca.com)

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