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Frontrunning: May 18

Submitted by Tyler Durden on 05/18/2009 13:32 -0400

Pimco says stupidly cheap mortgage bonds still attractive [bridge... brooklyn....] (Bloomberg)
Evans-Pritchard: The US has all the power (Daily Telegraph) [no retraction yet]
Bankers to escape Obama pay caps as Wall Street eyes guidelines (Bloomberg)
Elliott seeks CDS payday in failing firms (Bloomberg)
Bunds bearing treasuries for the first time since 2005 (Bloomberg)
The destructive implications of the bailout - understanding equilibrium (Hussman Funds, hat tip Ubu)
Samuelson: Obama's risky deficit spending (RCM)