- 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.
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