Moody’s cuts Spain from AAA (CNBC.com)
Elizabeth Warren speaks to banking executives at Financial Services Roundtable dinner.(New York Times) (Oh, to have been a fly on that wall.)
AIG and Gov’t agree on plan to return company to private hands. (Wall Street Journal) Plan expected to cover how $13 billion owed to NY Fed will be repaid.
House passes legislation criticizing China’s Renminbi policy, threatening tariff. (Financial Times) China condemns “protectionism”
Ireland’s bank bailout deepens:(Financial Times)Senior bond holders to be made whole, subordinated bond holders position uncertain