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Frontrunning: March 3

Submitted by Tyler Durden on 03/03/2009 14:12 -0400

Former LTCM trader Matt Zames generates most of $5 billion JPM profit via derivative trading (Bloomberg)
As Hank Greenberg sues AIG, questions emerge if he created the financial singularity (Reuters)
Daimler has uphill battle as it faces $9 billion of debt maturities in 2009 (Bloomberg)
Ken Lewis admits Merrill aid was mistake (FT)
Former billionaire Deripaska's local Barnes and Noble equivalent files for bankruptcy (Bloomberg)
Buffett historical portfolio gains lost (Clusterstock)
Management of retirement home operator Sunwest charged by SEC with Ponzi scheme (DealBook)
Berkshire Hathaway cutting jobs and closing facilities (Bloomberg)