Germany moves to shore up confidence its banking system.  (NYTimes.com, Alea)

Europe tries to cope with the credit crisis.  What they need is a plan.  (FT.com)

80% of stocks are down for the year.  (Bespoke Investment Group)

Just how bad a week was it?  (Trader Mike)

The meltdown in hedge fund performance.  (market folly)

Some notable “dear investor” letters from some prominent hedge funds.  (DealBreaker.com also DealBook)

Smaller hedge funds are more at risk to investors pulling their funds.  (WSJ.com)

“Summon your courage and buy stocks” and/or preferreds?  (WSJ.com, ibid)

There has been “nowhere to hide” in this downturn.  (WashingtonPost.com)

It has been an “unusual period for all asset classes.”  (Random Roger)

“Periods of historically high volatility can persist and do not necessarily correspond to precise bear market price lows.”  (TraderFeed)

Junk bonds are cheap, if the world doesn’t meltdown.  (Barrons.com)

Dividend cuts are here.  (Disciplined Approach to Investing)

“Thankfully, there’s no shortage of out-of-work Wall Streeters available for hire as the Treasury morphs into a giant hedge fund.”  (Money & Co.)

Bailout questions asked (and answered).  (Curious Capitalist)

Corporate treasurers are going to have to work harder to keep their firms afloat.  (Epicurean Dealmaker)

Lower oil prices means fewer petrodollars.  (Brad Setser)

What caused the credit crisis?  (Economist’s View)

Might it have been the Fed?  (Big Picture)

“In financial markets, asset bubbles cause real trouble when investors can borrow freely to expand their holdings. To prevent such bubbles, we must limit the amounts that people can invest with borrowed money.”  (NYTimes.com)

Expect more layoff announcements.  (Mish)

The economic downturn worsens.  (Econbrowser)

Why are yields on TIPS rising?  (Mankiw Blog)

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