In The Newz

1. Citigroup exchange offer at the beginning of the end, just a few more months of 120% borrow rates (Bloomberg and WSJ)
2. Fiat to close Chrysler deal, shares rise [supreme court justices don't mind fueling a bubble] (Reuters)
3. Trade deficit swells – nobody is trading any more, market is reflating itself in a vacuum (Bloomberg)
4. Miller Tabak: Inflation-Deflation (Big Picture)
5. John Paulson to invest $100 million in CBRE (WSJ)
6. Oakland, CA pnders bankruptcy (Mish)
7. Consequences have started to arrive (Delta Global)
8. Consumers to enjoy high unemployment, low wages, high mortgages and $3+ gas: market luvin’ it (FT)
9. For US, a sea of perilous red ink, years in the making (NYT)
10. TARP payback won’t help consumers (Fortune)
11. “Fear, Hope and Greed” (Raymond James)
12. More on the TARP repayment (Credit Writedowns)

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