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Frontrunning: April 27

Submitted by Tyler Durden on 04/27/2010 08:55 -0400

Mortgage deals under scrutiny as Goldman faces senators (NYT)
Stocks drop (not here though, we should go green the second European markets close) on European debt-contagion concerns (Bloomberg)
Vince Reinhart: The deflation club (The American)
Volcanic ash crisis cost airlines GBP2.2 billion (Telegraph)
Senator Dodd's carve out for cronies (Post)
Ukrainian opposition hurls eggs and smoke bombs in parliament (FT)
Tim Sykes and Kaja Whitehouse sued by SpongeTech for $43 million (HFN)
Squids of a feather: Warren Buffett and Prince Alwaleed's secret letters (Telegraph) even as Alwaleed says he'll go on working with Goldman (BLoomberg)
Belgian king accepts PM's resignation as government collapses (FT, h/t Arnaud)
German consumer confidence improves marginally as nation realizes EU is broke so they should all buy Whirlpool washer/dryers and 3M office supplies (AP)
Unheard of - let those who benefit, pay for it: Merkel pressures to make banks share cost of Greek bailout (Bloomberg)
Meet the real villain of the financial crisis (NYT)
Third time's a charm (Alhambra)

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Tue, 04/27/2010 - 09:01 | 319391 Salinger

Recession tracker still fears double dip

Jeffrey Frankel is the Harpel Professor of Capital Formation and Growth at Harvard University's Kennedy School of Government. As one of seven members of the National Bureau of Economic Research business-cycle dating committee, he is responsible for making the official declaration of the beginning and end of U.S. recessions.

http://www.nationalpost.com/scripts/story.html?id=2951150

Tue, 04/27/2010 - 09:35 | 319438 Miyagi_san

"Chris Dodds carve out for cronies".... Hat tip to the Post...we need more !!!

Tue, 04/27/2010 - 09:41 | 319445 lsbumblebee

I'm going to estimate that gold will end the day at 1125.00. That way, if I set the bar low enough, I can say that it "beat expectations".

Tue, 04/27/2010 - 09:43 | 319451 williambanzai7

The camel of Omaha.

Tue, 04/27/2010 - 09:54 | 319474 Jace0228

Question from a noob: Whats a squid? Reading it enough, I am beginning to infer its meaning but am looking for a concise definition. Also, do we possibly have a page set up for defimitions and site jargon?

Tue, 04/27/2010 - 10:35 | 319578 BorisTheBlade

The most concise definition you'll ever find:

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

http://www.rollingstone.com/politics/news/;kw=[3351,11459]

Tue, 04/27/2010 - 14:31 | 320106 ewmayer

Message to Buffett and his boy-toy Sheik Yerbouti (apologies to Frank Zappa):

If you two boys simply cannot manage to keep your hands off each other, I am going to have to insist that you get a hotel room so you can conduct your affair in private. And it`s going to have to be our special sound-proof "Man-love suite", because the last time you two shared a room, we had numerous complaints from other guests on the same floor about the sounds of noisy spanking, erm, I mean banking going on until the wee hours.

These two lovebirds really need porn-style nicknames ... how about:

Prince Alwaleed "Al the Arabian Stallion" bin Talal

Warren "The Avuncular Billionaire Harem Jockey" Buffett

Frontrunning: April 27

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