Courtesy of Tyler Durden
- Computerized front running: how a computer program designed to save the free market turned into a monster (Web of Debt, h/t MF)
- Even after failing to keep Citi above $5, US Treasury to sell 1.5 billion shares of Citi stock (Bloomberg)
- Dodd accepts ban on bank derivatives business (AP)
- But hold on: this would hinder the billionaire’s plans to become a trillionaire: Berkshite presses lawmakers to roll back proposed curbs, avoiding potential hit… and we can’t have that now can we (WSJ)
- Rogoff says Greece may not be Europe’s last bailout (Bloomberg)
- Bill Gross: “In order to pay the interest and the bill when it comes due, we’ll simply have to issue more IOUs. That, to me, is Ponzi-like. It’s a game that can never be finished.” (WaPo)
- Do you have any reforms in size XL? (NYT)
- AXA Rosenberg finds cording error in risk program (Reuters)
- Goldman releases internal paper trail (FT)
- Best hope for Greece: minimize the losses (NYT)
- Credit market risks lurk despite global thaw (Reuters)
- Maastricht madhouse fuels EMU-wide contagion from Greece (Telegraph)
- Visualizing UBS analysts (Kiwitobes, h/t Paul Kedrosky)
- Yes, it’s a bailout bill (The American)
- Victory for the bull (Guardian)