Summers’ Departure (Wall Street Journal) A look back and a look forward: His tenure critiqued, as Mulcahy emerges ahead of the pack as potential replacement.
Moody’s: Corp Debt-Default Should Fall below 3% by Year’s End(Wall Street Journal) Has the storm passed?
Fed Suggests Further Easing Likely Amid Weak Employment And Payroll Numbers(Financial Times)
Residential Mortgage Demands Down for The Third Straight Month(CNBC) While loan demand has grown over the last 12 months, 80% of loan requests are for re-fi, not purchases.
Oil Up, Dollar Down After Fed Suggests Likelihood of Further Dip (Yahoo)
Italian Authorities Seize Funds From Vatican Bank, Place Chairman And Airector General Under Investigation (New York Times)
L.A. Will Not Go Bankrupt By 2014. Current Mayor Refutes Former Mayor’s Bleak Predictions(CNBC)