Overallotment: May 14

• As ZH anticipated, the BGI troubles are much deeper than expected. Barclays urgently selling quant fund BGI, government darlings Blackrock and BONY in line to gobble it up (Bloomberg)
• Obama says U.S. long-term debt load is unsustainable (Bloomberg)
• GM says Chrysler-like deal best bankruptcy option (Reuters)
• Foreign direct investment in China tumbles on crisis (Bloomberg)
• The global financial crisis in pictures: the beginning to the end... and back again (Good)
• Communism special: private trucker YRC Roadway to seek $1 billion in bailout funding (WSJ)
• Speaking of communism, four more insurers to get to get TARP funding (Bloomberg)
• Two employees probed for insider trading at... SEC? (Reuters)

PS - One of these days I need to find a corporate sponsor who is willing to underwrite the overallotment option. Would ML's REIT team be interested?