Equity liberation front

Private equity firms enlist Cohen, Quarles in effort to overturn Fed‘s bank ownership regulations. (NYT)

To exit Treasury‘s TARP, banks will be required to forgo lucrative FDIC debt guarantees. (WSJ)

DOJ torture probe, after consulting Yoo and Bybee, won’t recommend prosecution of Yoo or Bybee. (WSJ)

Boston Globe escapes NYT‘s shutdown threat after major union agrees to pay cuts. (Boston Globe)

Waxman predicts emissions law by end of 2009. (Bloomberg)