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Frontrunning: April 24

Submitted by Tyler Durden on 04/24/2009 12:37 -0400

Morgan Stanley considers spinning off trading desk, including PDT/quant group (WSJ)
Jonathan Weil: Wall Street's 1923 scams return in Geithner plan (Bloomberg)
Fannie Mae creates housing mirage with bum loans (Bloomberg)
KKR asks investors for additional €730 million to bail out portfolio companies (Bloomberg)
Lewis to face SEC probe of Merrill testimony (Bloomberg)
Beware of fake bank profits (NIA, hat tip Kevin)
BNP: "Equities still a bubble and equity guys out of this world" (FTAlphaville, hat tip David)
Hulbert: Bull markets often retest bear market lows (MarketWatch)
Swaps man who knew too much fights to salvage world he lost (Bloomberg)
How Bernie Madoff did it (Fortune)
Simon Johnson is the unlikely revolutionary (American Prospect)