Overallotment: April 19

• Must read: How Citi made $2.5 billion betting on its own bankruptcy (Daily Reckoning, hat tip Moo)
• Euro falls to one month low on concern ECB split will undermine recovery (Bloomberg)
• Rattner's Quadrangle caught in yet another funding scandal... Obama still has full faith in the auto task force leader (Bloomberg)
• Government to convert government bank loans into equity share (NYT)
• Bulls and bears point to lending (WSJ)
• Bank regulators clash over stress-test endgame (Bloomberg)
• US to impose conditions on TARP repayment (Naked Capitalism, hat tip Saul)
• Obama (again) says he will seek accountability for bank aid (Bloomberg) - [How many times before has he said this? Is the American Idol president running out of catch phrases?]
• Martin Feldstein: Inflation looming on America's horizon (FT)
• Daniel Kahneman: Irrational everything (Haaretz)
• Amusing: Don't bank on it (Barron's)

With big gratitude to Lynn, Aaron, Mark, Scott and Gregg for your generous donations.