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Ex-Refco Chief Sentenced to 16 Years in Cover-Up (NYTimes.com via Yahoo! Finance)

Phillip R. Bennett was sentenced for a financial cover-up that brought down one of the world’s largest commodities brokerages.

Washington Needs Method To Allow Brokerages To Fail: Paulson (Fox News)

Washington Needs Method To Allow Brokerages To Fail: Paulson

It's been a mixed six months for the bond market (Los Angeles Times)

NY judge orders prison for former Refco CEO (AP via Yahoo! News)

The former head of Refco Inc., blamed for the collapse of one of the world's largest commodities brokerages, was sentenced to 16 years in prison Thursday by a judge who decried the "staggeringly arrogant" greed of white collar criminals.

Ex-Fed president: U.S. must fight inflation (San Francisco Chronicle)

Last week, Merk Investments, a small firm in Palo Alto that manages currency mutual funds, landed a big fish: William Poole. Poole served as president of the Federal Reserve Bank in St. Louis from 1998 until March 31, when he reached the mandatory retirement...