- Banks aiming to play both sides of same coin, will rape and pillage FDIC's deposit insurance reserves in order to speculate in PPIP (WSJ)
- Mortgage refi applications drop 14% on rising mortgage rates (Bloomberg)
- GM Misses Goal for Debt-Equity Swap Before Bankruptcy Deadline (Bloomberg)
- Latvian hookers signal no recovery for economy (Bloomberg)
- Must read: TARP - The greatest swindle ever sold (The Nation)
- Staples profit falls 33% as companies spend less on office supplies (Bloomberg)
- Some more musings on the SLP and TICK (TraderFeed)
- Bradford & Bingley to default on bond payment (Bloomberg)
- UBS will stick with decision to raise salaries by 50% (Bloomberg)
- TARP-trapped banks Citi and BofA will also follow suit and raise salaries (Bloomberg)
- GM bondholders are people like you and me (WSJ)
- Michael Lewis: The master of money (The New Republic)
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