- Morgan Stanley considers spinning off trading desk, including PDT/quant group (WSJ)
- Jonathan Weil: Wall Street's 1923 scams return in Geithner plan (Bloomberg)
- Fannie Mae creates housing mirage with bum loans (Bloomberg)
- KKR asks investors for additional €730 million to bail out portfolio companies (Bloomberg)
- Lewis to face SEC probe of Merrill testimony (Bloomberg)
- Beware of fake bank profits (NIA, hat tip Kevin)
- BNP: "Equities still a bubble and equity guys out of this world" (FTAlphaville, hat tip David)
- Hulbert: Bull markets often retest bear market lows (MarketWatch)
- Swaps man who knew too much fights to salvage world he lost (Bloomberg)
- How Bernie Madoff did it (Fortune)
- Simon Johnson is the unlikely revolutionary (American Prospect)
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