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Markets
“The pain of paying” is apparently why oil is up and silver and housing are down.
Banks
Goldman Sachs is having a rough week, with downgrades, an embarrassing connection to Raj Rajaratnam and more. Shares are down 4% today.
Related: The greatest hits of Lucas Van Praag, the firm’s hyperliterate spokesman and great stylist of insults.
The freakish resemblances between the actors in HBO’s Too Big to Fail and the Stewards of Capital that they are meant to represent.
Hedge Funds
They can take Raj Rajaratnam’s freedom, but they can’t take his money.
A handy list of the top 25 biggest hedge funds. Study it like you’re a prosecutor. Also, ponder the mystifying exclusion of the $13 billion, powerful hedge fund SAC Capital Advisors.
Related: Per Fortune’s Katie Benner: “Steve Cohen likes: The thrill of the trade, collecting great art. Pet peeve: Insider trading.”
The Washington Matrix
Sheila Bair is the chair of the FDIC. She is leaving in July. Until then, she is shooting out public statements with kamikaze courage. She broke with Congress today to prevent the whitewash of the mortgage crisis.
Pots & Kettles
“Facebook believes Google is doing some things in social networking that raise privacy concerns.“
Related: This.
Related: A Bloomberg Businessweek profile of Sheryl Sandberg, the “adult” at Facebook. When she has cried at the office, Mark Zuckerberg offers her a hug.
Related: “The NEW tech bubble,” except not new, in the sense that no one has talked of anything else for nearly a year straight now.
Recreational Reading
Osama Bin Laden kept a journal (“Dear Diary: America is mean! I can’t wait until I get a job and don’t have to listen to them any more!”) and considered Vice President Joe Biden beneath assassinating.
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