Frontrunning: Jan 4 from Zero Hedge

Frontrunning: January 4

Submitted by Tyler Durden on 01/04/2011 07:39 -0500

• Goldman Investment in Facebook May Draw SEC Scrutiny (Bloomberg) ...but won't
• Currency Carry Trade Losses May Bolster U.S. Dollar (Bloomberg)
• Brown Says Calif. Budget He Proposes Next Week Will Be "Painful" (Bloomberg)
• Special Report: California or bust (Reuters)
• When States Default: 2011, Meet 1841 (WSJ)
• Setup and Resolution (Hussman)
• China Promises to Buy Spanish Bonds (FT)
• Moynihan Fights Fires at Bank of America Amid Book-Value Doubts (Bloomberg)
• Italian Banks Wage `War on Cash' as Consumers Pass on Plastic (Bloomberg)
• Curbs On Realty Buys To Remain In 2011 (China Daily)
• Beijing Residents Rush to Register Cars on New Quota (Bloomberg)
• Obama urges Republicans to help him revive economy (Reuters), because $14 trillion in debt is for amateurs