Moral hazard has been re-established on Wall Street.  (WSJ.com)

How long can the Fed remain firm with the remaining investment banks?  (NYTimes.com)

Bank of American (BAC) shareholders are disappointed with the deal for Merrill Lynch (MER).  (DealBreaker.com)

Goldman Sachs (GS) and Morgan Stanley (MS) look to be the last banks standing.  (WSJ.com)

The Lehman Brothers (LEH) bankruptcy at a glance.  (DealBreaker.com)

If you were planning to get a job investment banking, think again.  (Mergers & Inquisitions)

Should Lehman Brothers have been saved?  (The Big Money, Market Movers)

The terrible lessons learned from the Bear Stearns bailout.  (Big Picture also Marginal Revolution)

The ridiculousness of blaming the shorts sellers for the current mess.  (Infectious Greed)

“(I)t is in everyone’s narrow interest–except for Lehman’s shareholders, debt holders and employees–to see Lehman in bankruptcy proceedings.”  (Deal Journal)

The Libor-OIS spread blows out and the yield curve steepens.  (Odd Numbers, MarketBeat)

The Federal Reserve lowers its standards for collateral.  (Alea, NakedShorts, EconLog)

Wilbur Ross expects more small bank collapses.  (DealBook)

The knock-on effects of the credit crisis on the hedge fund industry.  (Humble Student)

Counter-party risk is driving much of what is happening on Wall Street today.  (Dash of Insight)

The Fed tends to lower interest rates, whether it will matter or not, during the midst of a crisis.  (Economist’s View)

For those with a longer term horizon, it is time to “nibble” at down-and-out asset classes.  (Capital Spectator)

The next company in line for the “stadium naming rights curse.”  (WSJ.com)

The debate continues over the value of the Sharpe Ratio for ranking hedge fund returns.  (All About Alpha)

Hurricane Ike and its affect on oil and gasoline production.  (Econbrowser also Bespoke Investment Group)

Quite a time for The Big Money to launch.  The site aims to be the business site for the “Facebook set.”  (The Big Money, NYTimes.com)

Speaking of business publications, the WSJ.com gets an overhaul.  (Silicon Alley Insider, Bits)

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