US Bancorp Exits Treasury Program With TARP Warrant Buyback - Wall Street Journal Business 

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1.  Two Giants Emerge From Wall Street Ruins - A new order is emerging on Wall Street after the worst crisis since the Great Depression — one in which just a couple of victors are starting to tower over the handful of financial titans that used to dominate the industry. … “One theme here is that Goldman Sachs and JPMorgan really have emerged as the winners, as the last of the survivors,” said Robert Reich, a professor at the University of California, Berkeley, who was secretary of labor in the Clinton administration. … - NY Times

2.  OP-ED COLUMNIST - The Joy of Sachs - By PAUL KRUGMAN - makes 3 points - NY Times

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Moody’s Gives Banks the Hook - Moody’s predicts a “hook-shaped” recovery path for banks, “characterized by an upward tilt that lies somewhere in between a U- and an L-shaped economic recovery, implying a painful journey. “  In a new report, Are Banks on the Road to Recovery?, Moody’s does not comment directly on the strong results reported by Goldman Sachs and JPMorgan Chase, but does note that the recovery will result in winners and losers - Research Recap