News for the day

Several hours after claiming opposite, Obama concludes bankruptcy best option for GM, Chrysler (Bloomberg)

... or maybe not (Reuters)

Citigroup (!) advises to buy bank puts as rally fades (Bloomberg)

TARP cop launches probes into bail-out fraud (FT)

Analyst at Harvard Management Company was fired by Larry Summers (the same one) after voicing concerns about risky trades (Harvard Crimson)

London braces for G-20 onslaught (FT)

As rifts at G-20 meeting deepen (FT)

Another Obama nominee forced to pay back taxes (Breitbart)

Nomura pays Lehman recruits more than double what it pays its own (Bloomberg)

Plan to aid small firms is flawed, lenders say (Washington Post)