Cold, gray, windy Thursday edition...
- It wasn't a money market fund, but yesterday's break-the-buck news out of GE Asset Management wasn't encouraging. See MarketBeat and Bloomberg for good summaries of this story.
- Reuters' James Saft doesn't turn over much new ground here, but his new column provides a serviceable review of the various pressures closing in the American consumer.
- Barry Ritholtz flags Charlie Gasparino's reporting that Larry Fink would only become CEO of Merrill Lynch if the board of directors provided him with a full accounting of the firm's subprime exposure. According to Gasparino, the board declined...and so did Fink, leading to Merrill selection of John Thain.
- Paul Kedrosky passes along a classic tale of nickel-and-diming from E*Trade--or, more precisely in this case, nickel-dime-and-two-pennying.
- Two good posts--yesterday and today--from Floyd Norris on that dubious corner of American commerce generously known as "payday lenders."