Hank’ Greenberg Agrees To Sell Up To 10 Million AIG Shares To UBS – Maurice R. “Hank” Greenberg, the former head of struggling insurer AIG has agreed to a staged sale of shares of his former employer to a unit Swiss bank UBS AG for $278 million – DJ

Greek Woes Dim Appeal of Euro Zone – The Greek debt crisis is causing the euro bloc to cast a more wary eye on potential additions—and leading some countries to question joining anytime soon – WSJ

Lehman Insider’s Letter Warned About Violating Code of Ethics – Matthew Lee, a Lehman Brothers Holdings Inc. senior vice president, warned in a May 2008 letter that he believed “senior management” may have violated Lehman’s internal code of ethics by misleading investors and regulators about the true value of the firm’s assets – WSJ

Two Corporations Begin Run for Congress - we have entered the next logical step in our corporaticy (is that a word?). – FMMF

Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday.

House GOP calls for Fannie, Freddie phase out – Republicans in the House of Representatives on Friday recommended the country’s two mortgage finance giants be phased out in four years – Reuters

Germany Bundestag Okays 2010 Budget; Fed’l Borrowing E80.2 Bn – Germany’s lower house of parliament, the Bundestag, Friday passed a budget bill for 2010 that sets federal net new borrowing at a record level of E80.2 billion, more than double last year’s E34.1 billion – iMarketNews

Mundell Says IMF Should Be Used as a ‘Lender of Last Resort’ – Nobel Prize-winning economist Robert Mundell said the IMF should only be a “lender of last resort” for European nations debating how to help Greece end its budget crisis – Bloomberg

British Airways staff to strike as talks collapse - Hopes of a breakthrough in the dispute between British Airways and the Unite trade union have been dashed after talks collapsed without agreement – Telegraph

Lehman Had $39 Billion in Encumbered Cash Before Bankruptcy – The day before Lehman filed for bankruptcy, almost all of its $41 billion cash pool was tied up at bank lenders – Bloomberg