Tuesday, May 26, 2009

Frontrunning: May 26

  • Obama to nominate Sonia Sotomayor for Supreme Court
  • Lenders [BofA, Merrill] rewarded with "Bookrunner" hirings by firms in need [REITs] (FT)
  • "Purchase accounting" lets FDIC/taxpayers eat JPM's loss, gives it full, one-time benefit for all gains (Bloomberg)
  • North Korea is obviously very concerned about stern Obama condemnation, fires second set of missiles (Bloomberg and FT)
  • The case of the vanishing analysts (WSJ)
  • California's day of reckoning is a warning for Europe (TimesOnline)
  • Rio Tinto cuts Nippon Steel iron ore prices by more than a third (AP and FT)
  • Good stocks the market left behind (Bloomberg)
  • Make or break week for GM as deadline nears (AP)
  • California tax revolt 2.0 (Fundmastery)
  • South Africa falls into first recession as economy contracts more than 6% (Bloomberg)
  • The brave new world of restricted credit (Forbes)
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