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Aging rock star botches Mulholland tree-trimming

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Good morning. Nothing gets the blood boiling quicker than a botched, illegal tree-trimming by people trying to protect their sweeping city views, which is why this item leads the morning’s list of links to weekend coverage:

From latimes.com: Neighbors in Beachwood Canyon are furious over a botched tree-trimming (pictured) by Styx guitarist Tommy Shaw and his wife.

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From The New York Times: Lenders fear a second, bigger wave of housing defaults (more coming on this item later today).

From the Wall Street Journal: Cher is asking $45 million for her Malibu estate.

From the Wall Street Journal: Fannie and Freddie take steps to prevent foreclosures.

From Barron’s via Calculated Risk: Bearish economist Roubini sees up to $2 trillion in debt-related losses.

One more from CR (inside baseball alert): Tanta takes issue with my post about Lou Barnes’ criticism of the federal mortgage rescue.

-- Peter Viles
Your thoughts? Comments? E-mail story tips to peter.viles@latimes.com
Photo credit: Los Angeles Times

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