Frontrunning: June 12

• Record 21.% drop in Eurozone industrial output (April)
• May import prices rises 1.3% (Bloomberg)
• High gas prices could slow recovery (NYT)
• Investors hope for delay in S&P's CMBS rating changes (Reuters hat tip Adam)
• The Fed subpoena and BofA testimony (Cumberland advisors)
• Oil slips below $72 on profit taking (AP)
• Unprecedented insider selling (Finviz, hat tip Eduardo)
  
• Stiglitz: Wall Street's toxic message (Vanity Fair)
• Washington can't be hands off with GM (WSJ)
• Still searching for a bottom (Mesirow Financial)
• Coming to terms with the Term Premium (Morgan Stanley)

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