Wall Street Roundup: Obama comes to New York. Getting ahead of regulation

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A verdict on the bailout. Two top economists released a report Wednesday arguing that the government’s intervention during the financial crisis averted a second depression and 8.5 million more job losses.

Obama comes to New York. President Obama comes to New York for two fundraisers at a time when his relationship with the biggest donors on Wall Street is at a low.

One step ahead of regulation. Just weeks after the financial reform legislation was passed, Goldman Sachs and Citigroup are already taking steps to get around the regulations.

-- Nathaniel Popper in New York