Yes, Prime Minister: Gordon Brown (a “moon-howler” according to Tatler) is out and David Cameron (“good at drowning kittens,” Tatler again) is in as the youngest prime minister since Lord Liverpool in 1812.
Privatizing jails: Private equity has gotten involved with worse criminals before.
Fed stops MBS buying program: Sun continues to rise in the East. Related: Only $74.7 billion left to go to complete the mortgage-modification program.
Total amount of aid to Fannie Mae and Freddie Mac: Your guess is as good as the government’s. Hey, money is fungible, right?
Be the Hyena: Bess Levin with more on the management principles over at Bridgewater Associates.