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Frontrunning: April 28

Submitted by Tyler Durden on 04/28/2010 08:43 -0400

Greece official: IMF loan boost possible (WSJ)
Greece bondholders may lose $265 billion in default (Bloomberg)
Stocks drop as sovereign-debt crisis spreads, Greek bonds slump (Bloomberg)
First quarter GDP is history, beware of a 2011 slowdown (Barrons)
China is undermining the dollar by the back door (FT)
Hedge-fund bust will bear Goldman's fingerprints (Bloomberg)
Mexico issues travel warning for Arizona over law (Bloomberg)
Goldman grilled: A ghastly day on Capitol Hill for Goldman Sachs’s top brass (Economist)
Democrats use Goldman to push [useless] bank overhaul (NYT)
Bubble trouble for bonds (Forbes)
Gordon Brown gaffe caught on TV (WSJ)
A bank tax is insurance for us all (NYT)
No time like the present to overhaul Wall Street banks (Bloomberg)
Hulbert: Greek's fiscal woes don't have to lead to lower stock prices (MarketWatch)
The Paulson, Goldman, Tourre affair (Cumberland)

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Wed, 04/28/2010 - 08:49 | 321451 The Alarmist

Mexico issues a travel warning re Arizona ... isn't that just rich?

Wed, 04/28/2010 - 09:15 | 321468 curbyourrisk

Anyone think the People of Arizona have to worry about an all attack assault from Mexico? I mean an armed attack of some kind.....maybe not by Government led forces, but some pissed off drug lord...Oh, maybe I do mean government forces then.

Wed, 04/28/2010 - 12:18 | 321940 Let them all fail

Dumbest bill EVER, this is the exact wrong way to go about preventing illegal immigration, congratulations Arizona on your legally required racial profiling law, you should just be so proud of yourself...guess thats what happens when your Governor doesn't even have a bachelor's degree...

Wed, 04/28/2010 - 08:57 | 321456 AN0NYM0US

Yes, It's a Bailout Bill

http://www.american.com/archive/2010/april/yes-its-a-bailout-bill

Wed, 04/28/2010 - 09:30 | 321492 glenlloyd

yep, just because the title of the legislation says things like regulatory reform doesn't mean the bill actually contains anything that does that. In this case it's nothing more than another bailout bill. Congress needs to start paying attention to what's in these things....yeah, like that'll ever happen.

Wed, 04/28/2010 - 09:16 | 321467 hedgeless_horseman

FRONT PAGE LEAD FROM THE WSJ ONLINE:

APRIL 28, 2010, 9:03 A.M. ET

U.S. Futures Rise on Strong Earnings

Do not read any further, just log in to your e-trade account and hit the feeder bar, I mean buy AMZN button, repeatedly.

Wed, 04/28/2010 - 09:16 | 321469 doublethink

Quote of the Day

“[I]n a few days,” [Roubini] said, “there might not be a eurozone for us to discuss.”

http://blogs.reuters.com/felix-salmon/2010/04/28/roubini-on-greece/

Wed, 04/28/2010 - 09:23 | 321480 yabs

meanwhile stocks bounce up

ftse was nearly 2 percent down this morning now its 0.5 up

I'm sick of this insanity

Wed, 04/28/2010 - 09:57 | 321555 rubearish10

Well, if there's any explanation at all, it's from EPS and BensDay speculation. The truth will catch up after the "charade" dissipates. That time is getting closer and closer. Remain composed.

Wed, 04/28/2010 - 10:30 | 321657 Headbanger

And it looks like Iceland's Katia volcano tremors are ticking up.

http://hraun.vedur.is/ja/Katla2009/stodvaplott.html

Wed, 04/28/2010 - 10:40 | 321687 The Alarmist

I heard that the Vampire Squid has taken out a huge set of shorts on the whole globe and have secretly arranged as compensation for "taking one" for The Regime (so they can pass Financial Reform) to have access to the US DARPA's secret earthquake machine. Don't be surprised when Katla erupts on May 19th for maximum effect.

Frontrunning: April 28

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