Daily Reading on the Financial Markets: 9/22/12
San Bernadino’s consideration of using eminent domain to buy up mortgages and re-issue them at the market price has drawn mixed reviews: Matt Taibbi of Rolling Stone thinks it might be a good idea, while The Big Picture’s Barry Ritholtz is less sanguine about the idea.
From Zero Hedge, a breakdown of who’s buying how much of which Presidential candidates.
EconMatters suggests that the Oil market is more manipulated than LIBOR was.
Keith Weiner of Gold and Silver and Money and Credit makes the very-uncentral-bank-like case that falling interest rates destroys capital.
From The Big Picture, 2012’s drought continues to push food prices higher.