Wall Street Roundup: Palin vs. WSJ. Traders step up lobbying.

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Palin vs. WSJ. After a story in the Wall Street Journal challenged Sarah Palin’s assertions about rising inflation, Palin shot back by citing another Journal story, but didn’t quite make the point she intended.

Traders step up lobbying. As high-frequency trading firms have come into the spotlight they have also stepped up their donations to sympathetic politicians like Virginia Republican Eric Cantor, who has advocated on their behalf.

Do hedge funds deserve the name? With many hedge funds rising and falling with broader market indexes, one commentator wonders why they are called hedge funds and what they are being paid for.

Too international to fail. While Congress is trying to end the belief that the government will always save big financial institutions, the institutions are realizing that they may be able to win the same support by internationalizing their operations, Simon Johnson argues.

-- Nathaniel Popper