Frontrunning: December 1

• No QE yet - Japan to provide more cheap loans, Y10 trillion worth (Bloomberg, AP)
• AIG reduces government borrowings by $25 billion, by giving gov't more preferred shares (AP)
• Support best podcaster on the web and vote for The Disciplined Investor (TDI)
• In wake of Dubai, trying to predict the next blowup (NYT)
• Sultan Sooud Al Qassemi: This is not the end of the road for Dubai (FT)
• Gross: The Lehman Brothers of the Persian Gulf (Slate)
• Morgan Stanley fears UK sovereign debt crisis in 2010 (BBC, Telegraph)
• Crudele: Markets won't like bad jobs number on Friday (NYPost)
• Vivendi, GE agree on NBC price, paving way for deal (Bloomberg)
• World's most expensive office markets get cheaper on job cuts (Bloomberg)
• Arming Goldman with pistols against the public (Bloomberg)
• El-Erian: Dubai - What the immediate future holds (PIMCO, h/t Paul)
• Norges Bank Gjedrem worried over house price risk (Bloomberg)
• WaMu is gone but the parent is fighting on (WSJ)

Comments

[mdtrader]

The next blowup is the S&P 500. It will be blown up to 1200 for Christmas on fresh air.

[Shiznit Diggity]

See, I told you couldn't assume that QE was a done deal in Japan.

[Careless Whisper]

Why are Goldman bankers able to get NYC pistol permits while law abiding citizens can't ???

[Art Vandelay]

I'm going to assume this is a rhetorical question.

[Anonymous]

AIG payed off debt by issuing preferred shares? Exactly how is this a reduction in debt? They are just shuffling debt from one instrument to another.

[Anonymous]

AIG lacks sufficient reserves, downgraded:

http://www.nytimes.com/2009/12/01/business/01aig.html?_r=3&adxnnl=1&ref=...