Best reading today
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At his BlogSpot blog, John Hempton has one of the best written and informative articles I’ve seen regarding the solvency issue around banks. It’s a tricky topic and I caught myself on both sides of the debate on mark to market. If you read one article today then read Bank solvency and the "Geithner Plan"
The compensation caps at companies taking government handouts are perhaps even more controversial than mark to market. Freakonomics has a good post and some hot comments on the possibility of the best of breed in banking finding a new playground. Check out Let the Human-Capital Exodus Begin
