BofA Sees Higher Losses on Home Equity Loans: Report - PAUL JACKSON - housingwire

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A Wish List for Fixing Wall Street - ANDREW ROSS SORKIN -  Kenneth C. Griffin, who runs one of the biggest and most successful hedge fund firms, has a blunt assessment: “We, as an industry, dropped the ball.”   The breakdown happened, Mr. Griffin contends, when big investment banks gambled away money and jobs during the late great credit boom. The bosses let all those young gung-ho traders take far too many risks and now everyone is paying the price.  But the answer is simple, in his view. The entire industry needs to overhaul its thinking and, believe it or not, perhaps even accept greater regulation. - NY Times

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DIMON RESCUES 50% OF BEAR STAFF - PAUL THARP -  NY Post 

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Survey: 1 in 10 boomers borrowing for everyday expenses - Chicago Tribune 

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Home Prices Decline in Two-Thirds of U.S. Cities as Foreclosures Increase -  he median price for a single-family home in the U.S. dropped 7.7 percent in the first quarter, the biggest decline in at least 29 years, as values tumbled in two- thirds of U.S. cities, the National Association of Realtors said. - Bloomberg
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Bernanke Says Fed to Boost Loans to Banks as Needed - Bloombe