Thursday Readings

Its Thursday afternoon — time for a quick linkfest, starting with quite a few surprising headlines:

Treasury Bets U.S. Financial System Can Weather CIT Collapse (Bloomberg)

Behind Goldman Sachs’ second quarter profit (EPI)

Five reasons it’s too soon to declare the recession over (Business Week)

Saga Continues for Former GM Shares (MarketBeat )

Yogi’s Recession (Barron’s)

Five reasons to fear inflation (the mess that greenspan made)

Taxing Pot Would Generate $1.4 Billion in California: State Board (OC Weekly)

China’s Economic Recovery Gathers Steam (Time)

• A WSJ Housing 2-fer:

Using the Rout in Housing to Lower Taxes
Mortgage Firms Struggle to Redo Hard-Hit Loans

Why Does Goldman Need A Fed Exemption For VaR Calculations? (Zero Hedge)

The New Stars of the Blogosphere (WSJ)

Max Keiser goes postal on GS

Great Wall of Facebook: The Social Network’s Plan to Dominate the Internet — and Keep Google Out (Wired)

What Fast Looks Like (Kottke)

Anything else fresh and linkworthy?

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