Friday Links
Rule #1: Always Blame Derivatives
Fifteen Thoughts on Advantage in the Markets
How Harvard University Almost Destroyed Itself
Pimco’s Gross Says Harvard, Yale May Need to Alter Investments
PPIP Unpopular, Stiglitz Wrong
Analyst Says The Treasury Collapse Is Bullish Sign
Extreme leverage, broker fraud edition
Two cents in the dollar for CDOs: Australian councils cranky at Lehmans’ low offer
Mean Street: Why GM Can’t Be Saved