headlines

10:44 02/09 EU ALMUNIA: SUPPORT SHOULD BE IN RETURN FOR GREEK EFFORTS
10:43 02/09 EU ALMUNIA: WANTS EU LEADERS TO SAY THEY WILL SUPPORT GREECE
10:41 02/09 EU ALMUNIA: CURRENT SITUATION MOST DIFFICULT SINCE EMU START
10:41 02/09 EU ALMUNIA: EU SPECIAL SUMMIT THURSDAY V IMPORTANT
10:40 02/09 EU ALMUNIA: NEED TO REESTABLISH CONFIDENCE IN EMU, EURO
10:34 02/09 EU ALMUNIA: NEED TO INCREASE COORDINATION IN EURO ZONE
10:36 02/09 EU ALMUNIA: EMU CAN AND SHOULD SOLVE GREECE BY OURSELVES

• Durable Goods: -5.2% vs -2.5% consensus, Jobless Claims: 667k vs 625k; Continuing: 5112k vs 5025k
• More black hole...
  

• Capmark in default, hires Lazard to restructure balance sheet (PR)
• Lyondell fails to win DIP approval, hearing to pick up Thursday morning after profuse objections (Debtwire)
• Citi to announce agreement with government on Thursday (Reuters)
• One perspective of the government's Prime Brokerage program aka TALF (

• Roubini: Banks Need Temporary Nationalization (RGEMonitor)
• Ukraine rating cut to CCC+ by S&P (Bloomberg)
• Pound's slump may destabilize British economy, Eurozone (Bloomberg)
• College fund-raising outlook darkens (

• Japan exports fall 45.7%, resulting record trade deficit means no more Treasury purchases (Bloomberg)
• Merrill loss even greater: unseen $500 million charge emerges (FT)
• Highland's troubles grow: UBS sues for $745 million loss in CDO fund (Bloomberg)
• Renters losing edge on homeowners (

• Microsoft provides guidance, sees tough times ahead, loses share to Apple (Silicon Alley Insider)
• Obama to continue talking as economy flails (Bloomberg)
• Sir Stanford exclusively marketed fund run by Joe Biden family members (WSJ)
• Thain set to testify on bonuses today at 4 PM (

• Asian stocks drop to five year low (Bloomberg)
• Separating Eastern European's wheat from chaff (NYT) [Funny how this stuff develops.
  

• US Government seeking $40 billion DIP Loan for GM and Chrysler (WSJ)
• The extent of Obama's bank nationalization plan (Bloomberg)
• Newspaper dominoes: Philadelphia Inquirer files for bankruptcy (FT)
• U.A.E.
  

• CPI reading 0.3% in line with expectations, core up 0.2%
• Swiss bank shares tumble on UBS tax probe (Reuters)
• GM unit SAAB files for bankruptcy in Sweden (Bloomberg)
• Switzerland threatened with bankruptcy (Credit Writedowns)
• Financiers' views on Wall Street's future (

• GSEs' exponentially growing backing: now at $400 billion (Washington Post)
• The end of anonymous Swiss bank accounts: huge political implications (Reuters)
• European banks agree to CDS clearinghouse (Bloomberg)
• Stock rock stars (

• UBS to reveal names of tax cheats as part of DOJ Settlement, presumably more than just current administration officials (Bloomberg)
• Cerberus' Japanese Aozora bank lost money on everything from GMAC to Madoff (Bloomberg)
• Next bail out target: Eastern Europe (FT)
• Another trucker prepares for
  

• CNBC makes headline news over every uptick in S&P futures, read all about it
• January housing starts drop to all time low (Bloomberg)
• Russia 2009 GDP forecast cut from -0.2% to -2.2% (Moscow Times)
• Police foils bomb attack at Citibank in Athens (Yahoo - hat tip reader Mike)
• Germany may be Europe's white knight.
  

• Emmanuel Rahm was paid $260,000 to be Freddie Mac director in 2000-2001 (NYPost)
• Hedge fund consolidation to heat up (Bloomberg)
• Doug Kass: Fear and Loathing on Wall Street (TheStreet)
• More brokerage mergers coming (

• Mortgage rescues fail as price drops spur increase in defaults (Bloomberg)
• Greenspan admits was mystified by subprime market until 2005 (NYT)
• Hypo to be nationalized after JC Flowers walks (Bloomberg)
• Will vulture investors be critical to recovery (

• China on the brink (Asia Times)
• Stanford Group being investigated by regulators (Bloomberg)
• Wilbur Ross says private investors waiting for banks to write down assets (Bloomberg)
• Congress manages to make Wall Street vil