1. Eduardo Porter has an excellent Op-Ed in the New York Times comparing the evolution of huge bonuses for bankers to the evolution of excess blubber on bull elephant seals--good for the individual seal (bank) but bad for the species (financial sector.) I couldn't agree more.
2. The collaboration between This American Life and NPR news that brought us the excellent show about the mortgage meltdown are back again with the clearest explanation I've heard to date on how our banking system is screwed.
A new kind of problem
16 hours ago in RRResearch