Frontrunning: April 14

• Market should prepare for autumn rate "exit" (Reuters)
• In the meantime, using the diagonal curve, JP Morgan net rises 55% on fixed income, provision cut (Bloomberg, Investor Presentation)
• CIT bond comeback sets stage for debt sale (Bloomberg)
• Unless pension costs can be brought under control, the city may face bankruptcy (LA Times)
• Contrarian alert: everybody hates Treasuries (Barrons)
• German roots of Greek crisis remain (Guardian)
• Yes 47% of households owe no taxes (NYT)
• What special responsibilities does a large bank have (14th Banker)
• Shinsei to suffer $1.1 billion annual loss (Reuters)
• WaMu wasn't part of banks' inner circle, ex-CEO says (Bloomberg)
• WaMu's Killinger - the forgotten goat (Fortune)
• Swiss lawmakers bow to bankers urging UBS settlement (Bloomberg)
• IMF adds weight to big bank surcharges (FT)
• After regulating banks, lawmakers now flock to them (NYT)
• In hindsight Geithner looks good, in foresight he doesn't (WaPo)
• Ongoing trouble behind the NYT paywall: Pistols at dawn: Krugman v Sorkin (Salon), maybe they should both write a book about it...

Comments

[E pluribus unum]

I see AMBAC is up 20% today. To the moon, baby.