Friday Morning Links

• Was Goldman Sachs secretly calling all the shots for Treasury on the bailout?  Too much coziness between Hank Paulson and Lloyd Blankfein???  From Bloomberg
• Mike Konczal makes the case for why Elizabeth Warren is the only choice for head of the Consumer Financial Protection Agency (CFPA).  Rortybomb blog
• Another massive outflow of funds from domestic equity mutual funds, $7.3 billion outflows for July, $37.5 billion outflows year-to-date.  From ZeroHedge blog
• Chinese bureaucrats make national requirement for swimming lessons for all Chinese rescue workers.  See exciting photo after the jump.  Comrade Zhang, please remember oil goggles and oil raft.  From Businessinsider.com 
• Gerry Matherne (a 61 year old) is showing that American ingenuity hasn't died.  He has created the HORD (Heavy Oil Recovery Device).  It could prove very helpful in the Gulf of Mexico oil clean-up and helpful in future oil clean-ups.  From Los Angeles Times
• I nice job of blogging from Stacy-Marie Ishmael on the Home Affordability Modification Program (or HAMP for short) by the U.S. Department of Housing and Urban Developement (HUD).  Miss Ishmael shows that the numbers or data they ("they" being HUD) are keeping does not accurately reflect the total amount of  redefaults from the banks' remodifications.  Hat tip to Mike Konczal for this.  FTAlphaville
• Our FEMALE VISION OF THE DAY.  Erin Andrews.  Remember to scroll down after the jump and then use the little red arrows below her picture.  From Vanity Fair magazine.