Things worth reading: 25th November 2009

Things we're reading today include ...

Today's must read:

After Lloyd Blankfein let slip that Goldman Sachs were performing "God's work", the revised Lord's Prayer has just been released:

Our chairman, who art at Goldman,
Blankfein be thy name.
The rally's come.
God's work be done.
We have no fear of correction.
Give us this day our daily gains,
and bankrupt our nearest competitors,
just as you taught Lehman and Bear a lesson.
And bring us not under indictment,
for thine is the Treasury,
the House and the Senate,
forever and ever,
Goldman.

Bank Bailouts

£62bn mission to save banking sector within hours of collapse - The Times

Shareholders in shock after banking bombshell - The Times

Lord Myners: shareholders risk 'sleep-walking' into another financial crisis unless they challenge companies - The Telegraph

Companies

Lloyds puts 60 per cent discount on record £13.5bn rights issue - The Independent
Lloyds launches record share sale - BBC
FSA fines Nomura £1.75m for rogue trades - The Telegraph
Lehman to thaw $11bn of frozen assets - The Telegraph

Markets

US economy recovering less quickly than forecast - The Independent
Federal Reserve forecasts better growth next year - The Times
King hints at a gentle end to printing money early next year - The Independent
Chinese banks seek capital after lending binge - The Times
Central bank outsourcing hits right note - Financial Times
We've paid the price to avoid chaos and we must learn from our mistakes - The Telegraph

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