The former CEO of Lehman Brothers won’t talk about what happened a year ago, but he will tell the press that his mother loves him. Plus, a test drive with Bob Dylan…
Former Lehman CEO says his mother loves him (Daily Telegraph)
Lehman Bros was a gigantic mistake (Marketwatch)
Is $1,000 gold only the beginning? (Daily Telegraph)
A letter from China to Ben Bernanke (Wall Street Journal editorial) Speaking of gold…
Perhaps you have seen reports that we Chinese are doubling our reserves of gold and buying other related metals. Please do not be alarmed. This is the normal process of diversification that any trillion-dollar creditor would take, just in case the Federal Reserve’s definition of an “extended period” for monetary easing turns out to be even more extended than we already assume it will be. We will only be too happy to cease this flight from dollar assets when we observe your determination to tighten money; surely this must be why President Obama selected you over the distinguished White House economic adviser, Lawrence Summers.
Once again, on behalf of all of the Chinese people, our heartiest congratulations.
Getting back to the health care debate (PBS NewsHour)
The Beatles are back! (CNN Money)
Uh, so too is David Bowie (Slate)
The Bob Dylan Satellite Navigation System actually exists (Jonathan Mann)