Information asymmetry, bad incentives and Taibbi
Financial Times
Alert, alert! Matt Taibbi of Vampire Squid fame has discovered contango in a five-page mega opus for Rolling Stone magazine, in which he blames all the usual names for crimes against markets, people and everything good in the world.
shared by @ModeledBehavior, @M_C_Klein, @KidDynamiteBlog, @delong
 

The Vampire Squid Strikes Again: The Mega Banks’ Most Devious Scam Yet
Rolling Stone
shared by @izakaminska, @HamzeiAnalytics, @fiatcurrency, @BarbarianCap
 

Wells Fargo edges back into subprime as U.S. mortgage market thaws
Reuters
Wells Fargo & Co, the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again.The bank is looking for opportunities to stem its revenue decline as overall mortgage lending plunges.
shared by @nasiripour, @morningmoneyben, Crossing Wall Street, @M_C_Klein
 

Bold turn for subprime car loan deals
Financial Times
While millions of Americans have fallen out of love with their cars, Wall Street has been swept off its feet by loans used to finance sales of Volkswagens, Hondas and Fords.
shared by @nasiripour, @counterparties, @petereavis, @Kiffmeister
 

The real titans of finance are no longer in the banks
Financial Times
If the mighty J Pierpont Morgan were reincarnated in New York today, who might he be? Jamie Dimon, the man who is now chief executive of JPMorgan, the bank that shares the great man’s name? Or might Morgan prefer to return as Stephen Schwarzman or Leon Black, respectively the heads of Blackstone and Apollo, two gigantic private equity firms?
shared by Naked Capitalism, @counterparties, @nasiripour, @mccarthyryanj
 

Companies Squeeze 401K Plans From Facebook to JPMorgan
Bloomberg
Employers are squeezing their workers’ retirement savings, holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules. Taken together, these measures are making it more difficult to save for old age.
shared by @volatilitysmile, Naked Capitalism, reddit/Economics
 

Banks in London Devise Way Around Europe’s Bonus Rules
New York Times
Big banks operating in London are adhering to the bloc’s rules on banking bonuses by revamping the way they pay top employees so they still receive the extra money.
shared by @counterparties, @Alea_, @Kiffmeister, Here Is The City, @MattGoldstein26
 

First large-scale study links stock market volatility to mental disorders
psypost.org
shared by @EddyElfenbein, @JacobWolinsky, @ReformedBroker, Reformed Broker
 

Get ready: a large portion of China’s $1.8 trillion in trust products may be headed for default this year
Quartz
Last month, China’s banking sector dodged a potential catastrophe when a mystery group stepped in at the 11th hour to pay investors in the now-infamous "Credit Equals Gold #1, a defaulted $495-million trust product.
shared by @StockJockey, @prchovanec, @Noahpinion, @JacobWolinsky
 

Obamacare Critics Still Tell Just One Side of the Jobs Story
New Republic
Economists are supposed to be more nuanced than politicians. Casey Mulligan, new hero to the anti-Obamacare right, hasn’t been.
shared by @ObsoleteDogma, reddit/Economics, @Noahpinion, @Austan_Goolsbee
 

On the Road to Enlightenment With Andrew Ross Sorkin, David Lynch, and Dr. Oz
New York
Also, Ray Dalio and Arianna Huffington.
shared by @JacobWolinsky, @ryanchittum, @ReformedBroker, @GZuckerman, @eisingerj
 

Tom Perkins live interview at the Commonwealth Club
Fortune
Kleiner Perkins founder Tom Perkins speaks live with Fortune’s Adam Lashinsky at San Francisco’s Commonwealth Club.
shared by @howardlindzon, @cullenroche, @morningmoneyben, NYT Dealbook, @moorehn
 

14 Ways an Economist Says I Love You
fosslien.com
shared by Business Insider, @allanschoenberg, @CMEGroup