Breakfast Buffet, Wednesday, May 27

Wake Up, Americans!: That's what John Taylor wants to shout from the rooftops, or at least the op-ed page of the Financial Times, in order to get us to pay attention to our soaring national debt. Taylor was an influential economist at the Federal Reserve for many years, and also wrote one of the most widely used macroeconomic textbooks. So when he shouts, we should listen. Unless, of course, he forgets what compound interest is.

GM Bondholders Are People Like You and Me: The publicity people for the GM bondholders found the one bondholder who is not a major bank, hedge fund or institutional investor and got him to pen an op-ed in the Wall Street Journal.

Born to Regulate: The Washington Post profiles Brooksley Born, the now-famous lawyer who urged the Clinton Administration to regulate over-the-counter derivatives like credit-default swaps.

Board Stiff: Isn't it a little odd that Citigroup and Bank of America shareholders have seen their stock value plunge, but they nonetheless reelected the board of directors at last month's shareholder meetings?