Morning! Bank of America, which has ranked high on a list of banks that have gotten TARP bailouts and paid nothing back, is moving to repay some $20 billion. That's not money from its $45 billion in Treasury aid, but from supplemental aid when BofA need a nudge to finish buying Merrill Lynch.
The Federal Reserve won a court stay of an order that it release the names of banks who got help from its emergency lending programs. The Fed says revealing the information could cause a run on the banks. James Kwak of Baseline Scenario's not buying it.
Meanwhile, in the latest salvo over banking regulation, FDIC chairwoman Sheila Bair ably defends her turf against the idea of a "super-regulator" who would curb some of the power vested in agencies like hers.
Calculated Risk puts the number of delinquent mortgages in the U.S. above 4 million.
Unemployment in the 16-nation Eurozone has hit a 10-year high of 9.5 percent.
And China's putting the squeeze on exports of rare-earth minerals like terbium. The move forces manufacturers to set up shop in the nation instead of locating production elsewhere.
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