Frontrunning: February 11

• Per Reuters: Obama admin seeks to wind down Fannie, Freddie, bring private capital back to mortgages: Treasury report
• Paulson Says Fed Gave ‘Little’ Oversight to Subprime (BusinessWeek)
• PBOC Plans Overhaul of Money Policy (ChinaDaily)
• China sees U.S. stoking Brazil and India anger over yuan (Reuters)
• U.S. Not "Satisfied" With China's Progress on Boosting Yuan, Brainard Says (Bloomberg)
• Mubarak Defiance of Ouster Calls Angers Protesters (Bloomberg)
• Hopes High for China’s Push on Inflation (FT)
• Seoul’s Capital Controls Begin to Bite (FT)
• Blankfein Sought U.S. Blessing on Executive Pay, Feinberg Says (Bloomberg)
• Beggars can be choosers: Greece Joins Italy in Objecting to Proposed EU Debt-Reduction Benchmarks (Bloomberg)
• Ireland's Kenny Wants to Delay to Bank Injections (WSJ)
• It's Not Comfortable Being Contrarian (SmartMoney)
• Hedge fund Elliott rejects DuPont's Danisco bid (Reuters)
• Merkel Coalition Set to Back Alternative ECB Candidates After Weber Exit (Bloomberg)
• A Strategy for Growth That Dares to Be Radical (Wolf) (FT)
• Icahn, Monarch Said to Target Blockbuster for Possible Buyout (Bloomberg)
• More humor from the world's most discredited economist - Abraham Lincoln, Inflationist (Krugman)

Comments

[firstdivision]

CMG getting slammed in pre-market today.  Yesterday it was up like %12 in AH, and now we're going to open at about (2.5)%. 

[bania]

around 8.30 gold started moving north in a hurry may be a big day for PMs

[Bob]

I just heard Trump on Fox saying that he is "considering" a 2012 presidential run.  He was preaching like a candidate.  This should be extremely interesting.  If he keeps talking this way, I expect him to win. 

[overmedicatedun...]

IMF wants to replace the dollar!! with SDR's  NWO here it comes..

http://money.cnn.com/2011/02/10/markets/dollar/index.htm

[Careless Whisper]

Criminal JP Morgan Says "My Bad" To Thousands Of Troops It Illegally Foreclosed On

http://peoplesworld.org/j-p-morgan-chase-forecloses-on-active-duty-troops/

[Bob]

Soldiers are Special Victims, apparently. 

Too bad patriotism isn't coming into play for the millions of other victims. 

[Careless Whisper]

there is a federal law that prohibits foreclosing on anyone while they're in the military as they can't very well respond to a lawsuit while they're dodging bullets or whatever else they do.

jp morgan chose to disregard the law, (what else is new) and claimed that they couldn't "understand military papers".

[Bob]

I know, but they've disregarded the law in millions of other cases.

[george]

You know, it really chaps my ass that wall street firms make public statements on how the US government actually made money off them on the bailout.

What about all of the overpriced toxic sludge that fannie and freddie bought from the wallstreet firms?

[Bob]

How do you know a bankster is scamming?

His lips are moving.

[BearishFeijoadaSushi]

BDI bottomed out few days ago