Friday morning links

TOP STORIES
• Lawmakers Balk At Redefining Central Bank's Role - Wash. Post
• Texas mogul Stanford surrenders to FBI - CNN/Money
• Khamenei Says Election Valid, Warns of Crackdown - Bloomberg
• Appetite for risk may have returned, but the crisis is not over - Economist
• Geither's Plan to Have a Reform Plan Skewered by Senate - Naked Capitalism
• Review-Journal resists subpoena for names of readers who posted views - LVRJ
• Big Change in Store for Brokers in Obama's Oversight Overhaul($) - WSJ
• The cheh shaped recovery - Part I: End of the Begining, - iTulip

MARKETS/INVESTING
• Explaining the oil-price rally: Taming a wild beast - Economist
• Gold timers have quickly retreated, which is a good sign - MarketWatch
• The next big investment bubble - green energy - Money Week
• What the Investing Legends Have to Say About ETFs - greenfaucet
• Distillate market can speak volumes about the economy - MarketWatch
• Junior gold stocks: have wings, will fly - MineWeb

ECONOMY
• Economics focus: The lessons of 1937 - Economist
• Can't afford health care? Barter for it - CNN/Money
• 'Cash-for-Clunkers' Bill Passes in Bid To Revive Car Sales - Wash. Post
• Hanging tough with Keynes - Krugman, NY Times
• A new economy, a new career - CNN/Money

INTERNATIONAL
• Bank of Japan: Must keep close watch on deflation - MarketWatch
• China may try to block Rio-Tinto/BHP iron ore JV - Mineweb
• Irish retail sales plunged in April, led by motors - Independent
• China probably didn’t sell Treasuries in April - Setser, CFR
• Chinese government investing with Blackstone - MarketWatch
• Investment spending in China:Reap what you sow - Economist
• Japan's economy hasn't just 'begun to stop worsening' - MarketWatch
• Business in Japan: No exit - Economist

HOUSING
• Preventing foreclosures - MarketWatch
• US 30-year mortgage rate jumped on Thursday-Zillow - Reuters
• Searching for a bottom in the housing market - CNN/Money
• Spring U.S. housing market fell short-Coldwell CEO - Reuters

FED/TREASURY/BANKING
• Proposed expansion of Fed may trip up financial reform plan - LA Times
• SEC May Force More Disclosure About ‘Dark Pools,’ Schapiro Says - Bloomberg
• Financial Reform: Better broth, still too many cooks - Economist
• The Exit Strategy - McCUlley, Pimco

INTERESTING
• Weird stories of our hard times - CNN/Money
• VW California Biker: a dream van come true - LA Times
• Homosexual behaviour widespread in animals - Telegraph
• Tiger Woods' genius explained for U.S. Open - MarketWatch

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