Morning Reading

May 14, 2009 7:00am by Barry Ritholtz

Some days, there’s not much to read in the papers

Today is not one of those days:

Bailouts/Financial Crisis

• Bankers Told by Paulson to Accept U.S. Aid or Be ‘Vulnerable’ (Bloomberg)

• U.S. Moves to Regulate Derivatives Trade (WSJ) Also, U.S. Regulators Seek Trace-like Reporting for OTC Derivatives (Bloomberg)

• S&P: U.S. banking crisis may last until 2013 (Reuters)

• Inside Citi’s Stress Test: More like an F than a B+ (Time)

• US ‘sham’ bank bail-outs enrich speculators (Telegraph)

• Is it time to stress-test the Federal Reserve? (Marketwatch)

• A.I.G. Says It Needs 3 to 5 Years to Overhaul Itself (NYT)

Real Estate/Mortgages

• U.S. Foreclosure Filings Hit Record for Second Straight Month (Bloomberg)

• Slow Start to Federal Plan for Modifying Mortgages (NYT)

• Zillow: Most U.S. homeowners think a bottom has been reached (Reuters)

• Another View: A Market-Based Fix for Mortgages (Dealbook)

• Rents Crashing in London to 1991 Prices (Bloomberg)

• U.S. to Use Bailout Repayments to Aid Small Banks (NYT)

Economy/Markets

• Signs of Consumer Strain Hit Stocks (WSJ)

• Recession Drains Social Security and Medicare (NYT)

• State Taxes Take a Nose Dive (Economix)

• The Almighty Renminbi? (NYT)

• Jobless Claims in U.S. Increase More Than Forecast (Bloomberg)

• Cargo Ships Treading Water Off Singapore, Waiting for Work (NYT)

• Bank of England Warns of ‘Slow and Protracted’ Recovery (NYT)

• GM Now Sees Bankruptcy as ‘Probable,’ CEO Says (Bloomberg)

Media

• Power Problem: The business press did everything but take on the institutions that brought down the financial system (Columbia Journalism Review)

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