financial times

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check us out on Facebook http://www.facebook.com/PrimeInterest Follow us @ http://twitter.com/PerianneRT http://twitter.com/EnglishPI Bernanke wants out! That's the word from President Obama, who said in an interview with Charlie Rose that "He's already stayed a lot longer than he wanted or he was supposed to." But the Federal Reserve Chairman still has a few meetings left, the most recent of which began today. Market participants are expecting formal guidance tomorrow on what various Fed officials and non-officials have been jawboning about over the last month. We'll be talking Fed-speak with Fed-watcher, Dana Chasin, in a bit. And, European Central Bank head, Mario Draghi was in Jerusalem recently to say farewell to his MIT mentor, Stanley Fischer, as he leaves the Bank of Israel next month. Draghi took the opportunity to basically say: don't count out the E-C-B when it comes to dramatic new monetary measures. We call it Q-E envy. Finally, it looks like the UK is finally getting tough on market rigging. Except the target is a thirty-three year old former UBS and Citbank trader -- and no executives have been named. And, according to the Financial Times, it might not even matter since the U-S Department of Justice has already brought charges against the trader -- making extradition a largely moot point. Later, we'll talk about big banks and their regulatory sway with columnist, Alexis Goldstein. And here's what's in your Prime Interest. It was a serendipitous day here at Prime Interest. First, we were pleasantly surprised to hear Obama hint at our beloved Chairman's imminent departure. But not that Super Mario Draghi was prepared to push the E-C-B's SuperKart pedal as far to the metal as his central banker cohorts. Alexis Goldstein revealed the big banks are using their big might to tip the regulatory scales in their favor. And Dana was Chasin the Fed right into tomorrow's announcement. We finally caught up to our soon-to-be-erstwhile Chairman only to find out his replacement might just be more of the same. Oh, well. So much for serendipity.