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Frontrunning: April 7

Submitted by Tyler Durden on 04/07/2009 12:25 -0400

RBS to cut 9,000 jobs worldwide (Bloomberg)
Toxic assets are priced correctly claim Harvard and Princeton professors (Clusterstock)
Commodities may gain 20% by October, U.S. Global says (Bloomberg)
How not to price toxic bonds (Barron's)
Trump finds more money to burn, to "invest" in Yellowstone club (WSJ)
What a 25% bear market rally will do: Americans more optimistic about economy since Obama took office (Reuters)
Default rate surges to highest since great depression (Bloomberg)
Richard Parsons: bankers being vilified (NY Post)
Economy falling years behind full speed (NYT)
In defense of derivative products (WSJ)