• Bloomberg has filed a FOIA suit to get the Fed to disclose the collateral it is accepting for bailout money.  FOIA requests sent the Fed after Bear Stearns, took 4 months to be resolved  Has to be worse now.  I wouldn't expect a rapid resolution to Bloomberg's suit (even though FOIA requires the Fed to respond in 20 business days).  Via
• Amaranth, the formerly high flying hedge fund, is a just a lawsuit against its prime broker now.  But that lawsuit is still alive, and may be a template for the windup of all the other collapsing hedge funds.
• Two percent of active bloggers live off the proceeds?  Seems high.  Via
• Here comes CA v. GS, here is Felix Salmon with a "nothing to see here" takedown.
• A more active CFIUS in the Obama Administration?  Not if foreign acquirers want to buy financial assets, I imagine. 
• James Suroweicki is blogging, if you haven't seen it.

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