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The top of today's reading list has ........ and the last article is ........
- David Stockman and the Cult of Gloom (Zachary Karabell, The Atlantic) A good critique of Stockman's recent editorial, but Warren Mosler did it better.
- As economy flails, debtors' prisons thrive (Alain Sherter, CBS MoneyWatch, 04 April 2013) Hat tip to Russell Huntley. What practice is illegal, unconstitutional and costs tons of money?
- Euro-da-Fé (Dan Kervick, New Economic Perspectives) Dan Kervick is a Global Economic Intersection contributor. Read this one with your sarcasm glasses.
- How Wall Street Gets Development Agencies to Push Emerging Economies into Derivatives (Yves Smith, Naked Capitalism) See this report about lies and deception using derivatives in Greece.
- US pushes sub-prime mortgages (again!?!?!) (Unconventional Economist, Macro Markets)
- Eric Holder Gets Busy: Enron's Skilling May Be Released From Prison Over A Decade Early (Tyler Durden, Zero Hedge) Hat tips to Roger Erickson and Russell Huntley. Why is this happening? Maybe more space is needed for youthful pot smokers?
- Fiduciary Duty to Cheat? Stock Market Super-Star Jim Chanos Reveals the Perverse New Mindset of Financial Fraudsters (Lynn Stuart Paramore, AlterNet)
- ‘American Idol’ Sucks This Season: Here’s Seven Reasons Why (Ramin Setoodeh, The Daily Beast) Agree but aren't Kree, Amber and Candice worth the rest of the pain? And Janelle will follow Kellie Pickler to Nashville fame without making the final three. The fourth best voice (Curtis Finch) went out at #10 - 'nough said on sucks.
- Puerto Rico's muni-bond risk bears watching, BlackRock managers say (Jason Kephart, Investment News, 04 April 2013)