Tuesday morning links

TOP STORIES
• US red ink rising even higher, to $1.8T - AP
• Banks Brace for Credit Card Write-Offs - NY Times
• Schwarzenegger projects deficit could reach $21.3B - Sac Bee
• Adding Up the Auto Bailout: $80 Billion and Growing - Time
• GM Execs Sell Shares as Bankruptcy Looms - Bloomberg
• As Storefronts Become Vacant, Ads Arrive - NY Times
• The $33,000,000,000,000 Question - SafeHaven
• Was It a Sucker's Rally? - WSJ

MARKETS/INVESTING
• Oil rises above $59 to six-month high - Reuters
• Gas prices surge 9%: Don't fear $4 - CNN/Money
• Rogers: Dollar Rally Will End, May Short Stocks - Bloomberg
• Irrational Exuberance 3.0 Is Oozing Into Markets - Bloomberg
• A Presidential Bombshell - Butler, Investment Rarities
• “The Ambergris Factor!” - Saut, Raymond James

ECONOMY
• Trade deficit widens in March to $27.6 billion - AP
• Economists Downgrade U.S. Recovery - Bloomberg
• White House: 750,000 stimulus jobs by August - CNN/Money
• Prices Fall To Match A New Frugality - Wash. Post
• A frontline view of the Great Recession - CNN/Money

INTERNATIONAL
• Ministers 'to blame' for financial crisis - Telegraph
• Chinese Exports Fall 22.6% in April - NY Times
• Mexico Debt Rating Outlook Cut to Negative by S&P - Bloomberg
• OECD predictions offer recession hope for Britain - Telegraph
• Steinbrueck Plan Lets German Banks Swap Bad Assets - Bloomberg
• Nissan Forecasts Second Loss on Lower Auto Sales - Bloomberg
• Indian Output Declines by Most in 16 Years - Bloomberg
• What Germany Got for Its $2 Trillion - Time

HOUSING
• Foreclosure Firestorm Ahead? - CNBC
• Foreclosure wave slams suburbia - Chicago Business
• Nonprofits help occupants buy back homes - Boston.com
• FTC accuses lender of overcharging Latinos - LA Land

FED/TREASURY/BANKING
• Geithner's Revelation - Wall Street Journal
• Bernanke: response to bank tests encouraging - Reuters
• Curve Watching Beats Room Full of Forecasters - Bloomberg
• Bank Stock Sales Add Billions in New Capital - Wash. Post

INTERESTING
• Banks jump on Twitter wagon - USA Today
• New Signs Madoff's Family Knew - The Daily Beast
• Evolution's Most Extreme Mammals - Live Science
• Cops: Alleged liquor thief fills out raffle ticket - AP

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