Hot Links: Schmuck Insurance

Stuff I’m Reading this Morning…

The newest craze in real estate transactions, Schmuck Insurance, used to make sure the seller won’t look stupid when the market improves.  (Bloomberg)

$130 billion in oil mergers this year and counting.  (NYT)

Bess Levin interviews the Madoff Hunter in the NY Observer.  Coolness.  (Observer)

Denny’s ($DENN) fights back against the activists who are pushing for 3 board seats next month.  (DealBook)

Remember that lowlife stockbroker who stole $780,000 from Merrill Lynch?  He’s back in the news.  (NYP)

Oh yeah, and that other guy who cost Merrill Lynch money – like $50 billion – Stan O’Neal.  (Fortune)

Wait til you see China’s GDP growth for the 1st quarter.  No bubble here, sure.  (NYT)

Why didn’t “The Cocktail Party Mutual Fund” perform better?  Sounded good.  (IconoclastInvestor)

Morgan Stanley talking about a possible breakup of the Euro.  (FTAlphaville)

Goldman sees oil headed to $99.  (PragCap)