Easy Street: May 2
Easy Street is Marketplace’s daily roundup of the most interesting news stories and commentary about Wall Street, Washington and the curious world of finance.
Top Story: Some guy in Pakistan
Economists react to the killing of Osama Bin Laden: “Good, and good riddance. But it’s hard how to see it changes anything important.”
Someone made a (metaphorical) killing on InTrade, a market that lets people bet on political predictions, by guessing that Osama would be caught around this time.
Marc Ambinder has the best, most absorbing story we’ve seen today on any of this: a look at the secret special ops team that carried out the killing.
Chrysler is profitable again.
Related: A history of U.S. government bailouts.
Berkshire Hathaway’s Charlie Munger blames Wall Street for causing the European financial crisis too. He finds investment bankers “disgusting” and says that banks helped European countries play games with their accounting.
Related: Some might remember that in October, Berkshire Hathaway faced some key questions about its own accounting.
Related: Warren Buffett says he believes his own reputation remains intact.
Nasdaq and its partner, ICE, are going hostile against the NYSE. They’re taking their bid right to shareholders.
David Rubenstein of the Carlyle Group says pensions are “overallocated” to private equity.
Wilbur Ross on coal: vindicated.
Greenlight Capital can’t make heads nor tails of this Teflon Market in which all news is good news.
Cheers to trustworthy journalism!
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