• GM sends termination notices to 1,100 dealers (Bloomberg, AP)
  • US regulators clash over holding bank management to account (Bloomberg)
  • Obama's barbed words worry corporate world (Yahoo)
  • Europe economy contracts the most since 1995, at 2.5% (Bloomberg)
  • Reaction mixed to derivative reform (WSJ, hat tip JT)
  • Derivative danger in Wall Street's shadow (NYT)
  • El-Erian: The new normal (PIMCO)
  • The retrospective massaging of economic data by the Government (Financial Armageddon)

  • Baum: Xanax nation beats a panicked nation any day (Bloomberg)
  • Five reasons why the rally could fizzle (Marketwatch)
  • The upcoming 81% tax increase (Forbes)
  • What does Main Street think of Wall Street (FT)
  • Birth pains: a news global system is coming into existence (Economist)