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NY Times: Investors Say That Fed Must Do More for Markets. Analysts now say that the central bank’s move last Friday to restore confidence by encouraging banks to borrow directly from the Fed at a lower cost has had only limited impact so far and that the Fed will need to take more drastic action by cutting its benchmark interest rate soon if it fails to see more progress.

Translation: Keep the spigot open or we’ll demonstrate so little “confidence” that the entire economy could tank.

Wall Street Journal: Why $70 Million Wasn’t Enough. Mark McGoldrick earned about $70 million in pay last year — nearly $200,000 a day — placing bets using Goldman Sachs Group Inc.’s money. He was one of Goldman’s highest-paid employees. Turns out it wasn’t enough.

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