Overallotment: February 26

• BofA served with bonus subpoena after Ken Lewis' 4 hour interrogation (Bloomberg)
• 14,000 additional layoffs at JPM (Reuters)
• The financial terrorist system to demand another $750 billion soon (Reuters)
• Regulatory investigation into shady European "dark pools" (FT)
• And speaking of financial terrorism... Fannie needs another $15 billion (FT)
• FDIC poised to double bank fees as it realizes it actually has no money left (WSJ)
• Angela Merkel calls for creation of global bond cartel (FT)
• Indonesia (BB-) sells $3 billion of bonds at 11.25% (Bloomberg)
• Sir Stanford's Investment chief Laura Pendergast-Holt arrested by FBI, charged with obstruction of proceedings (WSJ)
• California to stop water deliveries to state farms for three weeks (Stormwire, Hattip Paul K)