3. WSJ Blog points to Paulson saying no bailout like Northern Rock is needed. So far the authorities have said something done the opposite.
4. Mankiw says he and Summers think alike.
5. PSD Blog points to a news on Gemloc a program run by World Bank. What is Gemloc- Global Emerging Markets Local Currency Bond Program. They know how to come up with fancy names.
7. Ajay Shah criticises RBI for a different reason this time.