Wednesday morning links

TOP STORIES
• U.S. mulls temporary loan for CIT: source - Reuters
• Calpers Sues Over Ratings of Securities - NY Times
• Intel rallies after adjusted results top estimates - MarketWatch
• Shadow Banking: What It Is, How it Broke, and How to Fix It - The Atlantic
• The events preceding Goldman Sachs' new "blowout profits" - Salon
• Market for California IOUs poised to launch this week - MarketWatch
• Goldman payouts on track to pass 2007 - MarketWatch
• Goldman’s Gain, America’s Risk - Room for Debate

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MARKETS/INVESTING
• Oil rises above $60 as traders eye US inventories - AP
• Greenlight Holds Bullion, Buys Reinsurance Stocks - Bloomberg
• Curbing speculative oil trading is a good move - Dallas Morning News
• S&P 500 avoids breakdown, rises to next test - MarketWatch
• Your 401(k): Getting back what you lost - CNN/Money
• Meredith Whitney is our leader - FT Alphaville

ECONOMY
• Gasoline Pushes Up U.S. Consumer Prices - NY Times
• Manufacturing in NY Area Shrank at Slower Pace - Bloomberg
• Time to tackle the real evil: too much debt - FT
• The Trickle-Down Effect - Wash. Post
• The Recession Is Over! - Gross, Slate

INTERNATIONAL
• U.K. unemployment rate hits 7.6% - MarketWatch
• China’s Reserves Surge, Exceeding $2 Trillion - Bloomberg
• Germany Has Been Slow to Fix Its Banks - NY Times
• US treasury chief in UAE to drum up support - AP
• American Express suspends payments into UK pensions - Telegraph
• Irish Central Bank chief predicts no recovery until 2011 - Independent
• Russia scrambles to contain Volga oil spill - AFP
• Singapore's economy bounces back - BBC

HOUSING
• Upscale home sales lag as jumbo loans are hard to get - USA Today
• Banks start foreclosure on 2,500 mortgages - WSJ Developments
• Bill would suspend new home appraisal standards - SF Gate
• Banks moving slowly on foreclosures - LA Land

FED/TREASURY/BANKING
• The Bernanke Market - Wall Street Journal
• Mortgages Are Now a Bank’s Best Friend - NY Times
• Concerns about the Fed's New Balance Sheet - EconBrowser
• What the Fed's Exit Strategy Will Mean for the Economy - Green Faucet

INTERESTING
• Sound effect: how cats exploit the human need to nurture - Guardian
• CA home buying frenzy - Orange County house gets 135 bids - Zillow Blog
• WSJ Tramples Chinese Toes in its Xinjiang, China Coverage - China Stakes
• Automated Smile Police Monitor Employees - LiveScience

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