Frontrunning: April 23

• Initial and continuing Jobless claims both worse than estimates at 640k and 6,137k. Is there a third or fourth derivative we can look at to justify the squeeze?
• Lewis testifies Bernanke and Paulson pressured bank not to discuss plan to buy Merrill (WSJ)
• Roubini: We are still a long way from the bottom (Forbes)
• Turns out Fiat has problems of its own, reports huge loss, rules out Chrysler investment (FT)
• Porsche to sell car assets to Volkswagen, Piech family to tighten grip over VOW (Bloomberg)
• Why I fired my stockbroker (The Atlantic)
• Mutual fund Janus Capital's profit falls 93% (Fox)
• The reeducation of Tim Geithner (Portfolio)
• What would Thomas Jefferson do? (Vanity Fair)