Calculated Risk writes on the beginning of law suits for Bear Stearns and one example of a tugging at the heartstrings spin on injured investors. Also I wonder if the "Tralfamadore Anti-Matter-Indexed Mystery Investment Vehicle (incorporated on Mars)" is still open to new investment?
Calculated Risk also links to a very interesting Economist Intelligence Unit article about the effects of subprime problems on the global economy and probabilities of various outcomes of increasing severity.
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