Early Feb 10 Headlines

• JPM expects prime-jumbo mortgage losses to double (Bloomberg)
• Obama leaves no room for failure in stimulus plan (WSJ)
• NYT agrees with our requirement for more bailout plan clarity (NYT)
• Record SFr20 billion loss for UBS, to keep investment banking (FT)
• Aozora Bank forecasts $2.1 billion loss, could put last nail in Cerberus' coffin (Bloomberg)
• Andrew Ross Sorkin's amusing Q&A list for Wednesday's banker Congressional hearings (Dealbook)
• Moody's predicts 16.4% high yield default rate by November from 4.8% in January (Fox)
• Kuwait Investment Authority has lost 40% of its $5 billion investment in Citi and ML (Bloomberg)

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