Friday morning links

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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