Frontrunning: April 9

• Jonathan Weil: Obama stakes his fortunes on failed banksters (Bloomberg)
• Wells Fargo profit jumps on 4% mortgage refis (Bloomberg)
• All banks expected to pass "stress" tests (NYT)
• Trade deficit falls to lowest since 1999 on plunge in imports, initial jobless claims at 654k after the usual upward prior revision (here and here)
• The Textron rumor mill ploughs on: now $21 (Bloomberg)
• Germany to fully nationalize Hypo (NYT)
• Game theory exposes PPIP as fraudulent (RCM)
• You can't rush an economic recovery (WSJ)
• AIG to Fed: You pay us so we can pay you (The Deal)
• The great recession vs. the great depression yet again (Curious Capitalist)
• Humor: Short-sellers are looting the market (MarketWatch)