Our Overnight Reading :
• Wilshire 5000: US stocks hit all-time high (CBS News)
• Bank of America: Too Crooked to Fail (Rolling Stone) see also Hamburg Banks Defying Fast Money Mantra Seek Growth From Crisis (Bloomberg)
• Martin Wolf: A hard slog in the foothills of debt (FT.com)
• These deals are rampant at 3rd tier firms: Charges Filed Against Brokerage Firms That Trade Private Shares (DealBook) see also SEC Cracks Down on Pre-IPO Trading (WSJ)
• Whistleblowers reap millions in U.S. mortgage suits (Reuters)
• Confirmed: Overstock.com Is Doomed (Going Concern)
• When Uncle Sam Bought Back His Bonds (Bloomberg Echoes)
• ANALYSIS: When a Congressman Becomes a Lobbyist, He Gets a 1,452% Raise (on Average) (Republic Report)
• Why I left Google (MSDN) This is now a trend
• The Wild And Crazy ‘Tweets Of Steve Martin’ (NPR)
• Fed’s Stress-Test Champion Reshapes Regulation of Biggest Banks (Bloomberg) see also The Volcker Rule and the Goldman Controversy (DealBook)
• Takeover Defense, Goldman Style (Circa 1960s) (Economix)
• U.S. Auto Dealers Who Survived Debacle See Record Sales (Bloomberg) but see Is Warm Weather Putting a False Shine on the Economy? (BusinessWeek)
• What Isn’t for Sale? (The Atlantic)
• Capital shortfall: A new approach to ranking and regulating systemic risks (Vox) see also Stress Tests for Zombies? Why Low Interest Rate Policy Does Not Work (Institutional Risk Analyst)
• The Man Who Broke Atlantic City (The Atlantic)
• Wikipedia Didn’t Kill Britannica. Windows Did (Wired)
• LinkedIn is the Gateway Drug to Social Media for Fin Services (HuffPo)
• Umair Haque: The Builders’ Manifesto (HBR)
• Alone in a Crowd: How Crowdfunding Could Strand Startups (Businessweek)
• WTF! Apple Eyeing $960, May Settle For Six-Handle (For Today, At Least) (WSJ) see also Apple Drives Record $1.24T of Company Cash (Bloomberg)
• WTF? Germany Fails To Meet Its Own Austerity Goals (Spiegel Online)
• 10 reasons Wall Street will hit bottom, (WTF!) crash (Market Watch) see also An interesting model of asset bubbles (Noahpinion)
• US Federal Tax Receipts (Dr. Ed’s Blog)
• MBIA cries discovery abuse; BofA counters with grandstanding claim (Reuters) see also BofA Makes a Deal on Side (WSJ)
• Generation Stuck: Why Don’t Young People Move, Anymore? (The Atlantic)
• Rent-Seeking: A Primer (Freeman Online)
• Over the rainbow: If there are better ways to split atoms, they will be a long time coming (Economist)
• Lost Leonardo da Vinci found (National Geographic)
• As told by Christopher Hitchens: Heaven can wait (Washington Monthly)
