In case you missed it, I wrote a four part recap of my recent trip to Vegas: You can find them here:
Part I: The Arrival
Part II - March of the Penguins
Part III - Real Time Wagering and Off Strip Dining
Part IV - Downtown
In other reading: Barry Ritholtz has consistently been harsh on people who place the majority of blame for the housing bubble on Fannie and Freddie. He has another good piece today explaining why he thinks that view is misguided.
MISH's: "In Defense of Drunken Sailors," contains a letter from a friend of his, taking offense (humorously) to the constant description of politicians spending like "drunken sailors."
"When pulling into a foreign port after many weeks or months at sea with the world’s finest navy, I always looked forward to sampling the native’s libations. Yes, I got hammered.
However, when I ran out of money I STOPPED DRINKING! I didn’t club the patron on the bar stool next to me over the head and rob him so I could continue drinking. I didn’t call me wife and ask her to cash in the kids college funds so I could continue drinking. I didn’t write my unborn grandkids an IOU so I could continue drinking. I just stopped and stumbled back to the liberty launch for a cheeseburger. I knew I’d have some cash next payday and I could hit the bars and clubs in the next liberty port.
So please, no more comparisons of deficit spending politicians to harmless drunken sailors. Drunken sailors have feelings too."
Michael Panzner: "A Growing Share of Americans' Income Comes From the Federal Government."
Finally, The Generic News Report: