Early Feb 13 Headlines

• Mortgage rescues fail as price drops spur increase in defaults (Bloomberg)
• Greenspan admits was mystified by subprime market until 2005 (NYT)
• Hypo to be nationalized after JC Flowers walks (Bloomberg)
• Will vulture investors be critical to recovery (Breakingviews)
• Banks need more aid to keep solvent (NYT)
• Eurozone contracts at record rate (FT)

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