Wednesday morning links

TOP STORIES
G.M. Asks Its Chief to Resign - NY Times
China warns of possible gold bubble - Reuters
Fed Debates New Role: Bubble Fighter - WSJ
Gold Advances to Record on Demand for Dollar Hedge - Bloomberg
Bernanke Has Support of Majority of Senators on Banking Panel - Bloomberg
Who would want to be a Vampire Squid at Christmas? - Telegraph
Roubini’s Bubbles Float on Flimsy Credit Source - Bloomberg
On Allocation - Contrary Investor

Get these links delivered to your inbox every day.

MARKETS/INVESTING
Gold… Selling is the Hardest Part - Daily Reckoning
Oil falls below $78 amid US crude supply jump - AP
Yen Drops After Hatoyama Says Its Strength Can’t Be Tolerated - Bloomberg
Small buyers quit gold, only investors bank on it - Commodity Online
High-frequency trading surges across the globe - Bloomberg
China's appetite for high-flying gold to dominate - Reuters

ECONOMY
'Cyber Monday' traffic rises 8% - Washington Post
Jobs Loss at 169,000 in Nov., Worse Than Expected: ADP - CNBC
Jobless Benefits Extension: $100 Billion Safety Net In The Works - HuffPost
U.S. ISM fades to 53.6%, still signals expansion - MarketWatch
U.S. pending home sales highest in 3-1/2 years - Reuters
More shoppers search for coupons online - USA Today

INTERNATIONAL
Dubai creditors fight for their money - Guardian
European Banks ‘Sowing the Seeds’ of Next Crisis - Bloomberg
UK Economy Turned, Inflation to Spike: BoE Economist - CNBC
Nicolas Sarkozy hails EU appointment to 'clamp down on City of London' - Telegraph
Royal Bank of Scotland bonus pool now under government control - Guardian
Rent rises likely as accidental landlords sell up - Mortgage Strategy
Dubai Inc.’s Holdings May Go Up for Auction - NY Times
Posen calls for 'bubble tax' on homes - Telegraph

REAL ESTATE
FHA to toughen rules for borrowers - Washington Post
Why Obama Won't Do What's Needed to Deal With the Mortgage Crisis - HuffPost
Mortgage Crisis Could Bring Down New Banking Giant - Blown Mortgage
Las Vegas Home Prices Fall 34% on Foreclosure Sales - Bloomberg

FED/TREASURY/BANKING
Bernanke to defend his record and the Fed's - Reuters
A Reader’s Guide to Bernanke’s Preemptive Attack - The Beacon
Senate to Bernanke: “In the name of God, Go!” - aucontrarian
Why Ben Bernanke Should Not be Confirmed - HuffPost

INTERESTING
Golden Gate Fields to go up for auction - SF Gate
Movement under way in California to ban divorce - AP
Another 'Extreme Makeover: Home Edition' Family Facing Foreclosure - Yahoo!
Lone Seattle policeman kills slayings suspect - AP

###