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Economics and Investing:

Kevin S. sent this: Fed clears China’s first US bank takeover [1]

Faber Sees ’87-Type Crash if U.S. Stocks Rise Without QE3 [2]

Andre sent this: Banks prepare for the return of the drachma [3]

From G.G.: Postal Service quarterly loss widens to $3.2 billion [4]

Items from The Economatrix:

Housing Bottom?  Fannie Mae Won’t Seek Tax Dollars [5]

Wages Bolster Spending as Americans as Americans Extend Hours [6]

US March Wholesale Inventories Rise 0.3%, Sales Climb 0.5% [6]

Home Prices Rise in Half of U.S. Cities as Markets Stabilize [7]