Noteworthy Financial Stories for Feb 24

Fed Backs Law to Audit Emergency-Loan Programs, Bernanke Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4Vhl8tdMr70&pos=2

Rogoff Says China Crisis May Trigger Regional Slump
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4MydrE5VOEM&pos=4

Swaps Show European Contagion Won’t Reach U.S.: Credit Markets
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ.l3SDKb2FE&pos=6

SEC Votes 3-2 to Curb Short-Sale, Disappointing Goldman Sachs
http://www.bloomberg.com/apps/news?pid=20601087&sid=aLZZMYHxmtDw&pos=5

Record U.S. Debt Hampers Fiscal, Monetary Policy Effectiveness: Analysis
http://www.bloomberg.com/insight/america-tied-up-by-record-debt.html

Iron Ore Derivative Traders Bet on ‘Tipping Point’
http://www.bloomberg.com/apps/news?pid=20601109&sid=a_S3ROAJKYow&pos=14

U.S. New-Home Sales Unexpectedly Fell to Record Low
http://www.bloomberg.com/apps/news?pid=20601068&sid=acWCYvHlWvs8

More New Home Sales Analysis
http://ftalphaville.ft.com/blog/2010/02/24/158016/blame-the-weather-again/

The great Chinese FX reserve injection
http://ftalphaville.ft.com/blog/2010/02/24/157936/the-great-chinese-fx-reserve-injection/

Italy Masked Finances Worse Than Greece – Pangalos
http://www.nytimes.com/reuters/2010/02/24/business/business-uk-greece-pangalos.html?_r=2&dbk

Lending Falls at Epic Pace
http://online.wsj.com/article/SB20001424052748704188104575083332005461558.html

Worst Financial Crisis Ever
http://www.nakedcapitalism.com/2010/02/guest-post-greenspan-says-greenspan-worst-financial-crisis-ever-including-the-great-depression.html

Banking Industry: Sicker, More Concentrated
http://baselinescenario.com/2010/02/23/banking-industry-sicker-more-concentrated/

Bank PR War
http://baselinescenario.com/2010/02/23/the-pr-war/

Bernanke Says ‘Nascent’ Recovery Requires Low Rates
http://www.bloomberg.com/apps/news?pid=20601068&sid=aJDZb0jjJyL0

S&P Says May Downgrade Greece Within a Month Amid Weak Economy
http://www.bloomberg.com/apps/news?pid=20601009&sid=a8pIVOVWLRaU

Fed to tread lightly, verbosely, toward exits
http://www.reuters.com/article/idINN2416562420100224?rpc=44



A New Report Card on Stimulus
http://economix.blogs.nytimes.com/2010/02/24/a-new-report-card-on-stimulus/?partner=yahoofinance

Mortgage Rates May Not Rise Much When Fed Support Ends
http://www.cnbc.com/id/35563022?__source=yahoo%7Cheadline%7Cother%7Ctext%7C&par=yahoo


Bear Market Armageddon: Why Prechter Might Be Right This Time
http://finance.yahoo.com/tech-ticker/bear-market-armageddon:-why-prechter-might-be-right-this-time-430357.html


Deflation Is Coming and There's Nothing Bernanke Can Do About It, Says Robert Prechter
http://finance.yahoo.com/tech-ticker/deflation-is-coming-and-there's-nothing-bernanke-can-do-about-it,-says-robert-prechter-430193.html

Bank Stocks attempting to get a "Party" going??
http://www.zerohedge.com/article/bank-stocks-attempting-get-party-going

Is Consumer Confidence a Contrarian Indicator?
http://globaleconomicanalysis.blogspot.com/2010/02/is-consumer-confidence-contrarian.html

What Happens When Consumer Confidence Falls 10-Points?
http://www.ritholtz.com/blog/2010/02/what-happens-when-consumer-confidence-falls-10-points/

The Golden Cross Trading Methodology
http://www.tradersnarrative.com/the-golden-cross-trading-methodology-3656.html

Top Hedge Fund Long & Short Positions: Goldman Sachs Report
http://www.marketfolly.com/2010/02/top-hedge-fund-long-short-positions.html

Why Greece shouldn’t worry about its CDS
http://blogs.reuters.com/felix-salmon/2010/02/23/why-greece-shouldnt-worry-about-its-cds/

It's darkest before the dawn
http://www.marketwatch.com/story/contrarian-view-on-consumer-confidence-2010-02-24