ZH Evening Wrap Up 5/31/12

Courtesy of ZeroHedge. View original post here.

Submitted by CrownThomas.


Some Headlines From Today

- Morgan Stanley's Gorman defends handling of Facebook IPO

- Spain says it has at least until October to raise enough funds to rescue Bankia

- Newly issued Mortgage Backed Securities see record low yields

- Weekly Jobless claims come in at 383,000

- New York City Will now tell you what to drink

- Goldman Sachs says it can't cut salaries any further…


On a long enough timeline 

- China's Manufacturing PMI Plunges

- Your daily Biderman rant

- What does high yield credit know that stocks don't?

- Student Debt Bubble Delinquencies Surge

- I want to work at the Goldman Sachs

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