Financial Links For October 11, 2012

First, the shady news.

Foreign-Exchange Trading Creeps into Dark Pools (WSJ)
E-Mails Cited to Back Lawsuit’s Claim That Private Equity Firms Colluded on Big Deals (NYT DealBook)
U.S. sues Wells Fargo in mortgage fraud case (Reuters)
With Tapes, Authorities Build Criminal Cases Over JPMorgan Loss (NYT DealBook)
Sallie Krawcheck: Banks Weren't Fully Aware Of Risks They Were Taking Going Into Downturn (Business Insider)
RBS Said to Suspend Trader Over Interest Rate Rigging (Businessweek)
Rigged Libor Hits States-Localities With $6 Billion: Muni Credit (Bloomberg)
20% of US Firms Cook the Books During Earnings: Report (Yahoo's Daily Ticker)

Next, market and economic news.

Appaloosa's Tepper Breaks Ahead of the Pack (Institutional Investor's Alpha)
The fiscal cliff and “budgetary crystal meth”  (Reuters MuniLand)
TIPS point to very weak economic growth *read the first comment also (Calafia Beach Pundit)
U.S. foreclosures at lowest level in five years: RealtyTrac (ReutersAP)
Illinois one of few states where foreclosures climbing (ChicagoTribune)
BofA mortgage workforce swells for troubled loans even as it tightens belt (Reuters)
Banks See Home Loans as Gateway to Big Gains (NYT Dealbook)
No Unemployment Improvements Since Crisis Without Falling Labor Force (BloombergViews chart)
Fixed-Income Strategy: Are Bonds Poised to Be “Burnt to a Crisp”? (EconomicMusings at CFA)
What makes this economic recovery so difficult for the US consumer (Sober Look)
Cummins lowers sales forecast, to cut up to 1500 jobs (Chicago Tribune)
Rail Traffic Trends Continue to Weaken (PragCap)
The War Between Credit and Resources (
More agricultural commodity price increases expected before the South American harvest next spring (Sober Look)
Interesting reads on mortgage REITS:
How To Analyze The Value In Agency Mortgage REITs (Seeking Alpha)
How To Analyze The Value In Hybrid Mortgage REITs - Part 1 (Seeking Alpha)
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