My morning reads:
• Stocks Shake Off Fed’s Dour View (WSJ) gee, I wonder why?
• The terminal disease afflicting banking (Alphaville)
• Loan defaults drain $37 billion from 401(k)s each year (Money CNN)
• Muni Investors Aren’t Buying Bankruptcy (WSJ)
• The Stock Market, QE3 and Voodoo Finance (Spellman Report) see also Cautious on Growth, Bernanke Offers No Hint of New Action (NYT)
• If Little Else, Banker’s Trial May Show Wall St. Foolishness (DealBook)
• Gloomy Forecast for States, Even if Economy Rebounds (NYT) see also Volcker Report Sees U.S. Cuts as Threatening States (Bloomberg)
• Libor Alternative Trades Briskly in Debut (WSJ)
• Soak Wealth, Not Income? (Bruce Krasting)
• Marissa Mayer Is in Over Her Head (Slate) see also Flummoxed by Failure—or Focused? (Yahoo Finance)
What are you reading?
Muni Investors Aren’t Buying Bankruptcy
Source: WSJ
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