EconoMonitor

Frontrunning: May 4

  • BofA and Citi in last push on stress tests, both plan to raise $10 billion in capital (FT)
  • General Motors bankruptcy probable as Obama favors UAW over bondholders (Bloomberg)
  • How big banks want to game the mortgage mess (WSJ)
  • Obama seeks to end tax haven rules that save companies $190 billion (Bloomberg)
  • E.U. says Europe faces deep recession, lowers growth forecast (NYT)
  • New York Fed chairman’s ties to Goldman raise questions (WSJ)
  • Major change in PPIP? FDIC may let investors buy toxic assets without treasury stake (Bloomberg)
  • Art prices at New York auctions expected to drop by 50% (FT)
  • Obama to secured creditors: Drop Dead (Real Clear Markets)
  • Only muscle cars will save Detroit (National Post)

Originally published at the Zero Hedge blog and reproduced here with the author’s permission.

Comments are closed.

Most Read | Featured | Popular

Blogger Spotlight

Richard Wood Richard Wood

Richard has published papers on wages policy, the taxation of financial arrangements and macroeconomic issues in Pacific island countries. Views expressed in these articles are his own and may not be shared by his employing agency. He is the author of How to Solve the European Economic Crisis: Challenging orthodoxy and creating new policy paradigms