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Overallotment: February 26

Submitted by Tyler Durden on 02/27/2009 02:32 -0400

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)