The FT runs a story about the unintended consequences of the FDIC backing of bank debt: higher mortgage rates. I wrote earlier evening that an analyst at a substantial dealer and friend of this blog suggested to me that the Treasury would probably tighten the gurantee of the GSE to level the playing field and reverse this trend.
The FT with another interesting story. This one recounts the trials and tribulations of hedge fund in the time of The Great Deleveraging.
The Alea Blog on the record borrowing at the Discount Window.
Dave Altig of the Atlanta Fed and its Macroblog with an interesting piece on “buy and hold” in the world of equity investing.
I missed this earlier in the day but the monthly survey of the National Association of Homebuilders was rather dismal.