Here are seven (or so) links at 7AM Eastern.  Good luck out there today.

Menzie Chinn, “Fiscal responsibility should not be equated with a small government, but rather with a commitment to pay for the government services provided.”  (Econbrowser)

The supercommittee has failed.  Now what?  (A Dash of Insight, Modeled Behavior, Pragmatic Capitalism, Total Return)

Why did Treasury yields decline yesterday?  (Free exchange)

The estimated hole in customer funds at MF Global keeps growing.  (WSJ, FT)

Jeffries Group ($JEF) is the first crowdsourced investment bank.  (The Reformed Broker also Dealbook)

The bottom career rungs in finance are becoming increasingly slippery.  (Dealbook)

Meg Whitman is trying to reset expectations (lower) for Hewlett-Packard ($HPQ).  (Bloomberg)

Share buybacks are on the rise, to what end?  (NYTimes earlier Abnormal Returns)

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