Lunchtime Links: Die short people, die
Faced with an outbreak of extreme shortness, governments in the UK and the US regulated against anyone displaying a preference for stunted growth in the proximity of financial services stocks. The FTSE promptly surged more than it's ever done before.
Here's who can't be shorted in the UK. (FSA)
And here's who can't be shorted in the US. (SEC
US government's plan to spend $500bn buying up banks' bad debt. (CNBC)
SEC's special exemptions created the situation in the first place. (The Big Picture)
Get real... (Telegraph)
...you spivs. (Scotsman)
Bonuses made me eat my hamster house prices go mad. (Guardian)
Barclays' 701m share issue to pay for Lehman. (Telegraph)
Citigroup advanced Lehman $28bn to settle trades and keep markets stable. (Bloomberg)
Lehman liquidated later. (The Big Picture)
JPMorgan won't trade with Citadel until it stops hiring from it. (Wall Street Journal)
Ferraris are out. Noddy cars are in. (The Times)
"It's just money. It doesn't define who I am." (Telegraph)
Banking bloggers are all the rage. (Felix Salmon)
What the City boys did next. (Independent)
Warren Spector spotted dancing in the rain to Hair. (Bloomberg)
Nervous people more likely to be right wing. (Independent)