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Ugh: "Matt Taibbi has another damning article in the current issue of Rolling Stone detailing the criminal exploits of the “300 white guys in Manhattan.” He begins by relating the story of a $1.7M put on Bear Stearns a few days before it went Tango Uniform, resulting in a $270M profit. Eighteen months later, the SEC refuses to identify the trader.
Taibbi also chronicles how Geithner and Paulson at the Fed conspired with Morgan Stanley and Goldman Sachs to kill their competitors, Bear Stearns, Lehman Bros. and Merrill Lynch. This is not exactly news, but bears repeating as proof the foxes are in the hen house."
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"The board voted to pass a bold and sweeping economic incentive policy, a plan that, as far as anyone can tell, hasn't been tried anywhere in the country"
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For all my designer friends. Even the big dogs get bit when they mess with fonts.
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"Unfortunately, however, if other communities are using incentives, there is strong pressure to do so as well. And as analysis of this Prisoners' Dilemma problem shows, the solution requires a cooperative solution which likely would involve a general ban on such activity. But I see no evidence that state and local governments want to take that route."
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Befuddled 
Thanks. Unfortunately, I got roped into the whole naked short selling brouhaha and I’m pretty sure Taibbi did too. I’ll be glad when this story goes online so better minds can figure out what the hell is going on. One thing’s for sure at this point: the SEC is at least negligent and at worst complicit. Of course, that’s not really news, either.