Frontrunning: January 11

• Federal Reserve seeks to block release of U.S. bailout secrets (Bloomberg)
• Dubai's first foreclosure may open floodgates in worst market: Dubai’s housing rout sent prices
  down 52 percent in the past year, prompting some homeowners to
  abandon their cars and mortgage payments and flee the country.
  Not one received a foreclosure notice. Until now. (Bloomberg)
• Geithner has support of Obama, Democratis lawmakers, aides say (Bloomberg)
• Trichet may signal central bankers' risk concern: European Central Bank
  President Jean-Claude Trichet, who warned investors against taking on
  too much risk two years before the financial crisis started, may be
  about to sound the alert again.( Bloomberg)
• Bernanke bond spread most since 2007 shows decoupling (Bloomberg)
• Financial crisis panel seeks bankers' testimony (WaPo)
• Disappointment ahead for UK - and big test for euro (TimesOnline)
• Goldman weighs expanding charity program (Reuters)
• Alwaleed, whose own Kingdom Holdings business empire is crumbling, can't help but be optimistic about his core Citi holding (Bloomberg)
• Why Wall Street pay is so high (Forbes)
• TCW doubles down on disaster (MarketWatch)
• Recession generation will make less and save more (Newsweek)
• Hudson institute weekly economic report (Hudson)
• Samuelson: The numbers behind our daily lives (RCM)
• Citi unit grows - with Feds' help (WSJ)
• Peter Thiel's hedge fund falls 25% in 2009 (Post)

Comments

[Hondo]

We need Andy Jackson back to take on Bernanke.  History shows us that even in the 1840's politicians were corrupted by the bank of the United States (Fed) and that Biddle used his powers to corrupt and manipulate congress (no different than today). 

[Anonymous]

For his deed, A. Jackson is on the $20 FRN. Who says theFED doesn't have a sense of humor?

[Hephasteus]

And human garbage dumpsters are on the amero. Rockefeller and JP Morgan. You have a better chance of me using money with a picture of Queen Elizabeth and Sadamn Hussein on it than those 2.

[faustian bargain]

...Although it would be kindof fun to have a bill with a picture of Saddam's broken hanged neck on it. Kindof a memento mori to the powers-that-be.

[Hephasteus]

Call me sick but I'd like to see money with Ghandi bending Queen Elizabeth over a coffin while he wet willies prince charles.

But I'd be willing to bet you'll see California drama dollars and New York FagetAboutIt bux first.

Hiding all this security fraud in freddie and fannie won't last long. It's like asking a house cat to bury an elephant turd in a concrete parking lot to avoid detection.

[faustian bargain]

lol, in my experience, asking a house cat to do anything is a non-starter.

[Hephasteus]

I'm sick of the if we tell what happens the problem could really get fixed because telling what happened would result in the collapse of the current system. Block block block till jan 18th FED.

http://www.youtube.com/watch?v=eBAhan8ZNGI

[Anonymous]

I wouldn't want to owe a single penny to anyone in Dubai...

[Gilgamesh]

BXP CEO died Sunday, Mort Zuckerman to take over:

http://finance.yahoo.com/news/Boston-Properties-Announces-bw-2455153015....