- Morgan Stanley’s (MS) plan to relinquish five San Francisco office buildings to its lender represents “a fascinating twist on the underwater homeowner walking away from their bad purchases,” FusionIQ CEO Barry Ritholtz says.
- In the aftermath of Citigroup’s (C) flop of a secondary offering, let the blame game begin.
- Beware of the “Iranian Cyber Army.” Twitter users should take caution after hacking. “It is suggested that if you use the same password on your Twitter account with other accounts, now would be a good time to change your password on those other accounts,” TechCrunch’s Michael Arrington says.
- Yahoo’s declining search trend certainly a cause for concern.
- Retailers turn to gift cards to entice last-minute shoppers.
- Obama reaches a “meaningful agreement” for combating climate change with leaders from China, India and South Africa that was described as “an important first step.”
- Reviving Depression-era laws may be a tough sell.
- Paul Kedrosky says sound banks are for weenies.
- Fed can help, but fiscal policy is key to job creation.
- ECRI’s leading indicators reach 17-month high, suggesting the recovery in 2010 will be smooth sailing. Right? Wait. “The last time the reading was this high was in the summer of 2008 – just before the market began to unravel,” the Pragmatic Capitalist notes.
