Why the U.S. dollar is rallying.  (Alea also Marginal Revolution)

With rare exception, world stock markets were down in the third quarter.  (Bespoke Investment Group)

The bailout plan goes Euro.  (naked capitalism, FT Alphaville)

The 36 hours of financial crisis that led us to where we are today.  (NYTimes.com)

What started as a two-page bailout plan has become a 451 page behemoth.  (The Big Money)

How the bailout is just like the world’s largest hedge fund.  (Slate.com)

“Banks match savers (lenders) with spenders (borrowers). As simple as that.”  (Epicurean Dealmaker)

The FDIC has become the Fed’s go-to agency, and it needs money.  (NYTimes.com, Deal Journal)

GE (GE) scores an expensive investment from the Bank of Buffett.  Commercial paper outstanding to decline.  (NYTimes.com, WSJ.com, ibid)

Speaking of commercial paper, the crisis will not be over until that market responds.  (FT Alphaville)

More on how Warren Buffett has become the deal maker (or deal breaker) in the current crisis.  (Market Movers also DealBreaker.com)

The SEC extends the short-sale ban and talk of reinstating the uptick rule heats up.  (WSJ.com, ibid)

Pushing on a string.  Talk of a Fed rate cut heats up.  (WSJ.com, Economist’s View)

Where do Goldman Sachs (GS) and Morgan Stanley (MS) go from here?  (WSJ.com)

The AIG (AIG) auction ramps up.  (FT.com)

Big investors are pulling out of even good hedge funds.  (CNNMoney.com)

High yield bond spreads are at record highs.  (Bespoke Investment Group)

Implied volatilities are at or near historic extremes.  (Trader’s Narrative)

Why aren’t options prices higher?  (Daily Options Report)

Overnight gaps and volatility in up and down markets examined.  (MarketSci Blog)

Not all ETFs are tax efficient.  (Morningstar.com)

Benchmarks matter in the world of investing.  (Market Movers)

Backtracking on mark-to-market accounting standards. (Curious Capitalist also MarketBeat, ClusterStock.com, DealBreaker.com)

A number of economists support the Swedish model.  (Brad DeLong, naked capitalism)

Poor auto sales indicate “..the U.S. economy has been in recession and took a sharp turn for the worse last month.”  (Econbrowser)

Do no evil.  Let the government do it for you.  (Real Dan Lyons)

More on Alice Schroder’s “The Snowball.”  (BusinessWeek.com, Portfolio.com, ibid)

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