Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at how everything (and everywhere) looks the same these days.

Quote of the Day

"(W)hen a bank implodes, this is almost always a symptom — not a cause — of something askew in the wider financial world, affecting other institutions. Financiers rarely want to admit this."

(Gillian Tett)