Thursday, March 19, 2009

Frontrunning: March 19

  • Continuing claims hits record high (Reuters)
  • Citi files official preferred exchange proxy, to pursue reverse stock split (Edgar and WSJ)
  • ...while Citi is paying $10 million for Sub Zero fridges and other stuff at 399 Park (Bloomberg)
  • Zero Hedge's favorite topic: unsecured creditors' turn next (FT)
  • Private equity firms stop taking investors for granted (Reuters)
  • A communism by any other name... House to vote on 90% bonus tax bill (Bloomberg)
  • China's upcoming 80% steel export drop (Shanghai Daily)
  • Blame the shorts again: naked shorting of Lehman blamed for its destruction (Bloomberg)
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