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

Dan Steinbock

Dr Dan Steinbock is a recognized expert of the multipolar world. He focuses on international business, international relations, investment and risk among the major advanced economies (G7) and large emerging economies (BRICS and beyond). In addition to his advisory activities (www.differencegroup.net), he is affiliated with major US universities as well as international think-tanks, such as India China and America Institute (USA), Shanghai Institutes for International Studies (China) and EU Center (Singapore).

Economics Blog Aggregator

Our favorite economics blogs aggregated.