Frontrunning: March 25

• Citi and Bank of America scrambling to overbid for AAA MBS (NY Post)
• First ever failed U.K. gilt auction (Bloomberg)
• The top 25 hedge fund managers of 2008 (Alpha) [Christian Baha made the list?]
• Porsche avoids technical default but not thanks to Merrill and ABN Amro (Bloomberg)
• Buiter on the PPIP: squeezing the tax payer (FT)
• Dear AIG: I quit (NYT)
• Bernanke, Geithner seek more power (WSJ)
• Ten trillion and counting: the U.S. Debt (Frontline via Infectious Greed)
• Treasury's top pick to run TARP, head of Taconic Capital and prominent Obama campaigner, withdraws (WSJ)
• Cerberus vow to stick with auto sector until bitter end (FT)
• Citi short interest quadruples between February 27 and March 13 (Reuters)