Tuesday Links

Some interesting reading for a sleepy Tuesday afternoon:

• As Subprime Lending Crisis Unfolded, Watchdog Fed Didn’t Bother Barking (WaPo)

• How Bank of America Used Merrill Losses to Bully the Government (Law.com)

• FDIC Proposes Banks Prepay Deposit Fees Through 2012 (Bloomberg)

• A risky revival (FT)

• Earnings Revisions at a Two Year High (Bespoke)

• Dylan Ratigan: Why Would We Let Them Rig the Game?

• We’re Speaking Japanese Without Knowing It (John P. Hussman)

• THE LAST DAYS OF THE POLYMATH (intelligent life)

• How Do Innovators Think? (HBR)

• When the Sirens Sing, How to Avoid Giving in (Aleph Blog)