Consumer protection agency in doubt (Paletta, WSJ) Chris Dodd appears willing to trade the CFPA in exchange for Republican support of his financial reform bill.
Manhattan apt rents drop 9.4% in Q4 (Gittelsohn, Bloomberg) Great stimulus for the NY economy.
Volcker calls for support in fighting bank lobby on reforms (Harper, Bloomberg) Looking to get a copy of this speech to post later today.
Can online comments affect your credit? Yup. (Sandberg, SF Chronicle) More an oddity than a trend, but interesting nonetheless.
CBO: Fannie/Freddie cost government $291 billion in ’09 (Golobay, HW) The full report from CBO is here. CBO estimates the total cost of subsidizing Fan/Fred will only be $99 billion more through the end of 2019. Meanwhile most of the housing stock in the U.S. will end up on the government’s balance sheet.
JP Morgan loan losses overshadow higher profit (Comlay, Reuters) The bank reported earnings that beat analyst estimates, but the reasons for the beat — lower taxes and lower bonus accruals in JPM’s investment bank — are considered “low quality” because they aren’t sustainable sources of profit. And lower bonus accruals may sound good from a populist point of view, but they don’t really help anyone other than bank shareholders who get to retain the earnings.
Roger Ebert vs. Rush Limbaugh (SunTimes)
The Exorcist (imgur)
Windpipe transplant renews Belgian’s life (AP) A Belgian woman has a working windpipe after surgeons implanted the trachea from a dead man into her arm, where it grew new blood vessels before being transplanted into her throat.
For the next time you’re playing H-O-R-S-E. And the handshake at 0:18 is possibly more impressive than the shot….