Fixing Finance

Financial Crisis Creates Productivity Bonanza? No.
Michael Mandel, Economics Unbound, November 5, 2009
If you think that productivity has risen by 5.1% during the financial crisis, I've got a subprime bond to sell you.
http://www.businessweek.com/the_thread/economicsunbound/archives/2009/11/_financial_cris.html

How to fill the gaps left by dollar decline
Mohamed El-Erian and Ramin Toloui, Financial Times, November 5, 2009
We should expect to see more discussion in the next few years on new types of reserve assets, write Mohamed El-Erian and Ramin Toloui.
http://www.ft.com/cms/s/0/d37721fc-ca41-11de-a3a3-00144feabdc0.html?nclick_check=1

Was it "Nobody Saw It Coming" or "Everybody Who Saw It Coming Was a Nobody"?
Richard Alford, Naked Capitalism, November 6, 2009
The Fed and other policymaking agencies cannot honestly claim that no one saw it coming.
http://www.nakedcapitalism.com/2009/11/guest-post-was-it-nobody-saw-it-coming-or-everybody-who-saw-it-coming-was-a-nobody.html
http://online.wsj.com/article/SB10001424052748703363704574503404180541392.html?mod=rss_opinion_main

Three Decades of Subsidized Risk
Charles Gasparino, Wall Street Journal, November 5, 2009
There's a reason Dick Fuld didn't believe Lehman would be allowed to fail.