Archive - May 17, 2009 - Story

• Egan-Jones takes dim view of Morgan Stanley's health (Dealbook, hat tip Ubu)
• Faith based economics (John Mauldin via Ritholtz)
• So much for the Volkswagen- Porsche merger (Bloomberg) [next stop much wider CDS]
• Another former NY Pension overseers in Cuomo's probe (

For readers who have the time and interest to follow up on the topic Zero Hedge commenced yesterday discussing money liquidity and the shadow banking system, the best place to start is with Friedrich Hayek's seminal Prices and Production, published in the depression days of 1935.

Chrysler, as you all know, cut 789 of its dealers this Thursday past, roughly a quarter of all its stores nationwide. For me, the news is bitter sweet. Actually- I feel pretty good about it. But more on that a little later.

Chrysler, as you all know, cut 789 of its dealers this Thursday past, roughly a quarter of all its stores nationwide. For me, the news is bitter sweet. Actually- I feel pretty good about it. But more on that a little later.