This financial market stuff: yes, we have been here before, if not quite at this level of panic.

This is of course a great time to become a regulator: the value of being someone who has put up barriers to market entry will be quite high.

The regulators and would be such are insisting that the CDS market must be regulated. Odd really, when it's the one credit market that has continued working, continued to be liquid.

Making the moral case for tax havens: Dan Mitchell rides again.

Thankfully, the credit crunch hasn't hit the real economy (at least, not yet).

Something lighter for the middle of the week. A clerihew contest.

And finally, The Orwell Prize is now open to bloggers.