Citigroup’s $550 Share Price, Bair Says Millions Of Foreclosures 'Infected', Big Oil CEOs Cry To Congress, Bernanke Warns On Debt Ceiling, Moynihan Grilled, TSA Theft Rings, Tarred & Feathered (LINKS)

Video - Tarred and Feathered - HBO's John Adams

• Citigroup’s $550 Share Price
• FDIC’s Bair: Millions of Foreclosures Could Be ‘Infected’
• Dick Bove Cuts Goldman To Sell, Lowers Price Target From $163 To $120
• Oil Chiefs Lash Out Against Tax Proposal
• Bernanke warns Congress to raise US debt ceiling
• Mortgage rates at lowest level of the year
• Report: States Nickel-and-Dime Unemployed with Junk Fees
• The 2011 Broker Survey: Who Tops the List?
• Next Up For SEC, a Crackdown on Outside-Expert Firms
• Girard, Sharif think inflation is sneaking up on Bernanke
• Foreclosure-Probe Chief Asked Bank Lawyers for Money
• Bank of America grilled on loans at annual meeting
• Congress should reclaim its responsibility for issuing new U.S. debt - WSJ
• Greeks Blaming Speculators Is Sure Sign of Panic: Jonathan Weil
• TSA Investigation - To Serve, to Protect and...to Steal

Comments

[john]

J.P. Morgan's hunt for Afghan gold

http://management.fortune.cnn.com/2011/05/11/jp-morgan-hunt-afghan-gold/

[snip]

To Hannam, chairman of J.P. Morgan Capital Markets, Afghanistan represents a gigantic, untapped opportunity -- one of the last great natural-resource frontiers. Landlocked and pinioned by imperial invaders, Afghanistan has been cursed by its geography for thousands of years. Now, for the first time, Hannam believes, that geography could be an asset. The two most resource-starved nations on the planet, China and India, sit next door to Afghanistan, where, according to Pentagon estimates, minerals worth nearly $1 trillion lie buried. True, there is a war under way. And it's unclear how the death of Osama bin Laden will impact the country's political and economic environment. But Hannam is not your usual investment banker: A former soldier, he has done business in plenty of strife-torn countries. So have all the members of his team, two of them former special forces soldiers who have fought here.

[DailyBail]

saw that john...great article...

[DailyBail]

Scientists Discover Bedbugs Carrying MRSA Germ In Study

http://newyork.cbslocal.com/2011/05/11/scientists-discover-bedbugs-carrying-mrsa-germ-in-study/

[DailyBail]

More mortgage repurchase suits to come, Bair says

Bernanke: system unstable if debt limit is not lifted

http://www.marketwatch.com/story/more-mortgage-repurchase-suits-to-come-bair-says-2011-05-12?Link=obinsite

[DailyBail]

Senate ethics committee: Ensign violated federal laws

http://www.washingtonpost.com/politics/ethics-committee-to-unveil-ensign-probe-findings-in-senate-speeches/2011/05/12/AFhRvA0G_story.html?hpid=z1

[DailyBail]

Diary: Bin Laden eyed new targets, big body count

http://apnews.myway.com/article/20110511/D9N5G8300.html

[DailyBail]

WASHINGTON (MarketWatch) — A Democrat and a Republican on Thursday introduced legislation that would overhaul the federal mortgage-financing system and set up as many as 15 or 20 firms that would buy loans, then package and sell them with explicit government guarantees.

http://www.marketwatch.com/story/bill-sets-up-private-firms-to-back-mortgages-2011-05-12?link=MW_home_latest_news

[Daily Bail]

For the past few years, Chinese demand for commodities such as oil, copper, iron ore and aluminum has been a huge factor in the commodity bull market. In fact, I believe it has been much bigger than one would think even taking into account China’s 1.3 billion people. Now, that may be changing. This report from the excellent FT Alphaville Blog makes an important distinction[emphasis added]:

http://blogs.marketwatch.com/fundmastery/2011/05/12/china-is-commodity-demand-falling/

[DailyBail]

an OBL update...

SEAL helmet cams recorded entire bin Laden raid

Read more: http://www.cbsnews.com/stories/2011/05/12/eveningnews/main20062410.shtml#ixzz1MCkqDcjM

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Bin Laden death: Security fears for US Navy Seal team

http://www.bbc.co.uk/news/world-us-canada-13379298

[DailyBail]

Inhofe: Bin Laden shot through eye or ear

http://www.kjrh.com/dpp/news/local_news/inhofe-1st-to-see-bin-laden-photos

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How bin Laden emailed without being detected by US

Read more: http://www.stamfordadvocate.com/news/article/How-bin-Laden-emailed-without-being-detected-by-US-1376958.php#ixzz1MClYx9jx