Merrill (Hearts) Maiden Lane, Six Senators Are Ganging Up, And Wendi Dang Strikes Back!

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Merrill, Citi, RBS bought most Maiden Lane II bonds (Reuters) Merrill at the head of the pack, with $1.14 billion of bids.

Bank of America actually has a good idea: shrink! (DealBreaker) OMG! Capital requirements are working.

Who Will Play Wendi “Dang” On SNL? (Forbes) Send NetNet your nominations!

The Gang of Six's plan (Washington Post) A pdf of the proposal.

Reasons to be Fearful (McArdle) Greece, Spain, Money Market funds, and some little fight over the US debt limit.

Ending Capital Gains Loophole Is Not A Part Of The "Gang Of Six" Plan (Clusterstock) Oh, Courtney, it's not a loophole!