Wikinvest Wire

Friday morning links

Friday, March 27, 2009

TOP STORIES
New York AG subpoenas AIG on CDS contracts - Reuters
Greenspan says banks should not become too big - Reuters
Hedge Funds Say Regulation Unstoppable - Bloomberg
Las Vegas project considers bankruptcy: report - Reuters
Obama Seeks Support from JPMorgan, Goldman - Bloomberg
Top bank regulator placed on leave pending review - AP
Soros: Commercial Property Will Fall 30% - Bloomberg
Is California Going Bust? - Forbes

MARKETS/INVESTING
Crude Oil Falls on Concern Over Economic Slowdown - Bloomberg
Gold firms, platinum climbs to six-month high - Reuters
Rising Fear of a Future Oil Shock - NY Times
Roubini Says Stocks Will Drop as Banks Go ‘Belly Up’ - Bloomberg
Stock Options Are Adjusted After Many Share Prices Fall - NY Times
SEC halts alleged $68M Ponzi scheme through Millennium Bank - USA Today

ECONOMY
Consumer Spending Increases for Second Month - Bloomberg
Economy Shrinks As Job Losses Continue to Mount - Wash. Post
A Downturn Wraps a City in Hesitance - NY Times
'Perfect storm' puts all types in financial peril - USA Today
Obama says automakers need 'drastic changes' - AP

INTERNATIONAL
U.K. Recession Worse Than Estimated - Bloomberg
China shares rise, ending week 4.1 percent higher - AP
Rush to sell old gold in Gulf countries - Commodity Online
Baltic Bust Sows Entrepreneur ‘Panic’ in Worst Economies - Bloomberg
China's central bank slam global lack of regulation - MarketWatch
Deflation stalks Japan, resentment rises before G20 - Reuters
Global miners eye Venezuela's gold - Commodity Online
European Industrial Orders Plunge 34% - Bloomberg

HOUSING
Foreclosures Drop 10% in November - BusinessWeek
Swindlers Reconnect to Homeowners in Foreclosure Scams - Bloomberg
U.S. Fixed Mortgage Rate Falls to Lowest on Record - Bloomberg
Luxury Homes Are Lingering on the Market - BusinessWeek

FED/TREASURY/BANKING
Playing Solitaire with a Deck of 51 and Number 52 on Offer - McCulley, Pimco
Fed officials hint recession in final stages - Reuters
Yellen: Fed Seeks Power to Issue Own Debt - Bloomberg
Fed's Plosser: Economic outlook "pretty ugly" - Reuters

INTERESTING
John McEnroe duped in $88M art scam - USA Today
Seychelles: Paradise goes bankrupt - Fortune
Tesla unveils plug-in sedan with 300-mile range - USA Today

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