lifestyle leader

-Stiglitz thinks the banking system is even more broken today than on the day Lehman died.

-A very good measure of business sentiment is how quickly business leaders are dumping their shares...well, they are really dumping. Bad sign??

-Martin Wolf's lessons to be learnt from Lehman's demise and its aftermath.

-A lot of political hot air has been expended over executive pay in the post-Lehman age, because its easier to grandstand over the compensation of a few top executives, than it is to actually reform the perverse incentives and regulatory failures that led taxpayers to commit such capital to the survival of the financial system.

One source of that hot air, Super Sarko, looks ready to sink a summit over a NON-ISSUE!! Reforming compensation practices is important, but please, there are far greater matters to address in Pittsburgh.