What We Read Today 08 March 2013

March 8th, 2013
in econ_news, syndication

Econintersect: Click Read more >> below graphic to see today's list.

The top of today's reading list has an article that compares the Dow (all-time high) with household income (decade-long low)........ and the last article is  news from The Wall Street Journal that describes a big options trade Bank of America that Naked Capitalism says "doesn't pass the smell test."

Follow up:

  • BofA Times an Options Trade Well (John Carreyrou, Kaitlyn Kiernan and Tom McGinty, The Wall Street Journal)  Here is what Naked Capitalism had to say:  "In my day (1980s) this never would have passed the smell test. The institution would have fired everyone within hailing distance of this trade and groveled to the SEC. Now no one bats an eye at this sort of chicanery (yes, we’ll have a little media consternation but let’s see how much the SEC does about it, and to what level of person if it does rouse itself)."

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