Book recommendation: The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History (9780385529914): Gregory Zuckerman: Books

via amazon.com

This is a fascinating read about how John Paulson successfully bet against the collapsing mortgage market. It's by far not as straightforward a story as one might think and full of interesting revelations (e.g. the fact that some banks were both losing and gaining billions by being on both sides of the trade). Must-read for Finance people but also interesting for people who want to look a little deeper into the mortgage mess and the current SEC allegations against Goldman Sachs.

Posted via web from digbits's posterous

WaMu is already JP Morgan Chase

Seems like the designer at Washington Mutual was up all night - when you go to their homepage, you're already welcomed to JP Morgan Chase! I'm not sure what the Whoo hoo(TM) is but the employees must definitely have felt it after this overnight takeover/ liquidation of the company.

Washington Mutual, JP Morgan Chase, Finance