Last week we mentioned that Seattle's WaMu was accused of colluding in a appraisal-inflation scheme. Today, Bloomberg reports that the fall-out has fallen: "Washington Mutual fell $4.04, or 17 percent, to $20.19 at 1:15 p.m. in composite trading on the New York Stock Exchange, the biggest decline since the stock market crashed on Oct. 19, 1987." As a result, significant bets are being made:The risk of Washington Mutual defaulting on its debt soared to the......

You know those radio ads? The ones with the excruciatingly earnest song: You love her soooowowo/ This sheeiiiee must knowow/ Straight from the heart/ (Weisfield Jewelers) We always wondered about that song--it seemed a little out of the competence of a local jewelry store to write music, hire a singer, etc. As it turns out, the ad is a knock-off. A friend heard the same song in an ad for a jeweler in Lexington, Kentucky.......