The Good, The Bad & The Ugly – Week of 5/27/13

Good

Bad

  • The revolving door spins on, this time with former CIA head David Petraeus joining former RNC chair Ken Mehlman in heading a new “research and due diligence” institute at buyout mega-firm Kohlberg, Kravis & Roberts. Dan Primack at CNN Money.

Ugly

  • Vulture investors are now circling Detroit’s municipal debt, which (thanks to the same bond insurers who failed miserably in the mortgage market) is trading at bizarre prices. Tom Hals of Reuters.

  • A new decision by the CME (a major agricultural futures exchange) to change its hours has handed an enormous advantage to speculative traders, and puts actual farmers and grain specialists – the ones the market allegedly exists to help – at an enormous disadvantage, opening the door to major price disruptions in food. Lina Khan at Salon.

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