Where the Climate Buck Stops
Climate superfunds are a sensible way to put some of the costs back where they belong, but we’ll get them only if the public demands them.
Even amidst yesterday's stock market rally, Citigroup's shares fell; it lost more than half its value in four days. Here is what today's New York Times has to say:
Read the rest of the article.
The fact that there is no run on Citi, though, indicates that there needn't be a government bailout, as Yves Smith has pointed out on Naked Capitalism:
Read the rest of the post.