Bair Says Money Funds Run Moral Hazard, Postal Service Loses $2.2B, Trump Crashes, Ireland Raids Private Pensions, Lawmaker Says Fat Kids Should Cost Parents (LINKS)

Stories from around the web this morning...

• FDIC's Bair Says Money Funds Run Moral Hazard
• U.S. Postal Service reports $2.2 billion quarterly loss
• Dodd-Frank Guarantees Too Big To Fail
• UK Has Spent More Bailing Out Europe Than It Has Saved Via Austerity
• Irish Government Taxes PRIVATE Pensions To Pay For Spending
• Lawmaker says raising obese kids should cost parents at tax time
• Donald Trump crashes and burns in poll of GOP voters
• Disgruntled Texas Republicans await Obama's visit
• Bin Laden death now part of Obama's re-elect message
• Foreclosures Trapped, Stalled by a Lack of Lawyers
• Report on Kabul Bank Corruption Is Classified, Taken Offline
• Don't abandon Afghanistan after 2014 handover, plead generals
• Pakistan Hints China Wants a Peek at Secret Helicopter
• The Banks Keep Stealing, Why Should You Keep Paying? (Dylan Ratigan)
• Video - Crazed Naked Guy Terrorizes New York City Subway

Comments

[DailyBail]

ECB Member: Greek Restructuring Would Lead To A "True Economic Meltdown"

Read more: http://www.businessinsider.com/smaghi-greek-debt-restructuring-2011-5#ixzz1M1IDkwg9

[DailyBail]

Ken Griffin Explains How The Government Just Enabled Another Huge Bailout Of All The Same Firms

Read more: http://www.businessinsider.com/ken-griffin-citadel-anti-dodd-frank-regulation-2011-5?utm_source=Triggermail&utm_medium=email&utm_term=Clusterstock%20Chart%20Of%20The%20Day&utm_campaign=Clusterstock_COTD_051011#ixzz1M1LuwqGQ

[DailyBail]

Is it a bird? Is it a plane? No it's 'JetMan' in a daring 8-minute flight over Grand Canyon... And this time he actually made it

Read more: http://www.dailymail.co.uk/news/article-1385674/JetMan-Yves-Rossy-makes-8-minute-flight-Grand-Canyon.html#ixzz1M1M7Xm2n

[john]

S. 679: Presidential Appointment Efficiency and Streamlining Act of 2011
112th Congress

A bill to reduce the number of executive positions subject to Senate confirmation.

http://www.govtrack.us/congress/bill.xpd?bill=s112-679

[Assassin]

you unnecessarily use an WSJ.com link for the article about Bair and money funds, and it requires subscribing to see the whole thing. since the article is actually from MarketWatch, it's better to just link there directly to read the whole thing:

http://www.marketwatch.com/story/fdics-bair-says-money-funds-run-moral-hazard-2011-05-10