Frontrunning: January 7

Secret and Lies of the Bailout (Rolling Stone) Banks Win 4-Year Delay as Basel Liquidity Rule Loosened (BBG) Hedge Funds Squeezed With Shorts Beating S&P 500 (BBG) Bankruptcy regime for nations urged (FT) Is the Fed Doing Enough—or Too Much—to Aid Recovery (WSJ) Cracks widen in US debt ceiling debate (FT) McConnell Takes Taxes Off the Table in Debt Limit Negotiations (BBG) Abe Seen Spending 12 Trillion Yen to Boost Japan’s Economy (BBG) Monti, Berlusconi Spar on Taxes in Weekend Media Barrage (BBG) Cameron Sets New Priorities for U.K. Coalition (BBG) Defiant Assad Rules Out Talks With Rebels (WSJ) Korea Seen Resisting Rate Cut as Won Threatens Exports (BBG)   Overnight Media Recap WSJ * Republicans won't accept further tax increases in the United States in coming budget and debt negotiations, the party's Senate leader said on Sunday, putting Republican lawmakers on a col...