Was the bailout of AIG simply a bailout of the financial system, writ large?  (Alea, Clusterstock, Market Movers, footnoted.org, 1440 Wall Street)

(G)overnment of Goldman, by Goldman, and for Goldman, shall not perish from the earth.”  (Jeff Matthews)

There may still be another leg down, but it makes sense to up your equity exposure.  (Capital Spectator, Clusterstock)

Doug Kass gets more precise in his prediction of a stock market rally.  (TheStreet.com)

Some times a view cannot be expressed as buy or sell, that is what options are for.  (Condor Options)

Stock buybacks have gone bye-bye.  (Economist.com)

Ten most undervalued S&P 500 stocks.  (Value Expectations)

How much is a leading ETF business, iShares, worth?  (FT Alphaville also TheDeal.com, DealBook, WSJ.com)

Are investment grade corporate bonds still in the sweet spot?  (WSJ.com)

Oil prices could remain lower for longer than many seem to think.”  (FT.com)

Widespread dividend cuts are going to enhance the negative “wealth effect.”  (WSJ.com)

Ben Bernanke made an unprecedented appearance on 60 Minutes last night.  Reactions.  (CBS News, WashingtonPost.com, DealBook, Clusterstock)

Is Conrail a model on how to handle an automaker bankruptcy?  (NYTimes.com)

Should Larry Summers really be the administration’s go-to guy on economic matters?  (Market Movers)

The economic crisis is shifting wealth to future generations.  (Atlantic Business)

The state and municipality pension funding crisis has begun.  (WSJ.com, Zero Hedge)

Companies now need to take what bloggers say about them seriously.  (New Rules of Investing)

In the economic downturn, coffee goes downmarket.  (WSJ.com)

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