Frontrunning: July 14

• CDS market investigated by U.S. Justice Department (Bloomberg)
• Geithner says global economy faces setbacks (Bloomberg)
• Budget deficit tops $1 trillion for first time ever, set to hit $2 trillion this fall (Wells Fargo and WSJ)
• German investor confidence falls (Bloomberg)
• BlackRock earns at least $71 million for managing taxpayer money (Bloomberg)
• The CIA's had plans to assassinate Al Qaeda leaders (NYT)
• Steve Rattner quits US Auto Task Force after showing how "quick and efficient" negotiations are to be done, to refocus on getting NY Pension Fund commitments for Quadrangle [I jest] (Bloomberg)
• And he leaves just in time - NY AG probe of Rattner over kickbacks heats up (Reuters)
• UK inflation falls below BOE's 2% target for first time since 2007 (BBC)
• Socialist heatmapping lottery de jour: CIT (Bloomberg)
• 450 most liquid CDS overnight movers (Markit)
• The 0% tax rate solution (WSJ)

Comments

[Anonymous]

thanks for the Frontrunning section...

[ptoemmes]

Sir, welcome back, sir. 

Leadership was fine while you were out recruiting, but we made way too much soap and not enough kaboom.

Waiting new orders sir.

Pete