Overallotment: March 25

• Must Read 1: Don't take our word for it: CRE crisis accelerating, to cause hundreds of billions of more losses to banks (WSJ)
  
• Must Read 2: Law of unintended consequences strikes again: two AIG Paris departures could trigger defaults on $234 billion in derivative contracts, forcing European banks to raise billions to cushion from potential losses (WSJ)
• Deposed EU president proclaims U.S. response to global recession is "road to hell" (FT)
• Nikkei rises, Yen falls for second day on continuing fears Japan's economy tanking (Bloomberg)
• US Retail investors' flight to safety continues: $250 billion in bank deposits for first nine weeks of 2009 greater than all of 2008 (FT)
• GM bondholders stall negotiations ahead of March 31 deadline (FT)
• ...In the meantime, Steve Rattner does what the US does best: beg for more $$$ (WSJ)
• AIG ILFC aircraft leasing unit not feeling the love of the "all is well" market rally (Bloomberg)  
• John Gapper: the need to share the bill for bailouts and why some banks are too big to save (FT)