Economics and Investing:

Kevin S. sent this: Fed clears China’s first US bank takeover

Faber Sees ’87-Type Crash if U.S. Stocks Rise Without QE3

Andre sent this: Banks prepare for the return of the drachma

From G.G.: Postal Service quarterly loss widens to $3.2 billion

Items from The Economatrix:

Housing Bottom?  Fannie Mae Won’t Seek Tax Dollars

Wages Bolster Spending as Americans as Americans Extend Hours

US March Wholesale Inventories Rise 0.3%, Sales Climb 0.5%

Home Prices Rise in Half of U.S. Cities as Markets Stabilize