A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Gses ’
A Wipeout in REO Recoveries on Horizon
Reuters is out with a story about the pipeline of 1.25 million neglected homes that are headed for auction this year. The inference of the article is that these homes will further depress the housing market. I have no quarrel with that observation, but the larger question is the large recovery losses on these properties....
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Bank of America now back to the six-buck area
Well, according to this link:
http://finance.yahoo.com/q?s=bac&ql=1
...Bank of America is solidly back in the six-dollar range, and headed lower.
Poor "Uncle Warrant" must be kicking himself for piling into this pig.
Anyway, are we coming closer to...
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Meanwhile, back in McMansion CrashLand…
Wow, looking at the chart of new McDebt for McShantys below, one has to ponder how much more horrid it would look, had not Uncle Thug and the Fed poured TRILLIONS of dollars into the GSEs, the banks, and into McHousing programs.
Notwithstanding, it lo...
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The Squatter Socialized Loss Fiasco
I have posted numerous times about the impacts of the defacto squatter economic “policy.” I say policy because I truly feel this is a deliberate and flawed attempt to socialize more losses, leaving the burden for taxpayers, Treasury creditors, and future generations, in much the same way that losses to banksters were socialized. I...
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Bernanke’s Check Kiting Scheme – Professional Edition
Fed credit declined last week, as a big drop in TAF offset the Fed’s buying of GSEs and Treasuries. The Fed did not settle any MBS purchases, and in fact got rid of a small amount of their MBS holdings, probably to help cover the Treasury’s withdrawal of $35 billion from its “rainy day”...
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Much Ado About Reserve Growth
Critics of the Fed have expressed concern about the inflationary implications of the huge expansion of the Fed’s balance sheet, particularly excess reserves. The reserve bulge was created when the Fed expanded the alphabet soup programs in 2008. At the same time the Fed began paying interest on reserves, paying 1%, which was .75%...
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Actionable More Evidence of the Pump and Dump
Besides the big insider sales and stock sales evident from the Great Pump and Dump rally, comes indications that other big Pig Men have taken advantage of the situation to trade or offload trash in the neighborhood. The foils would most likely have been the Fed, various GSEs, the public, and perhaps under slimy...
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Big Contraction in Fed’s Balance Sheet- Professional Edition
The Fed’s balance sheet took a huge drop last week. In spite of all of the direct buying of securities total Fed credit has actually declined slightly since December thanks to the winding down of many of the Fed’s alphabet soup programs, some of which have already gone back to zero balances. Meanwhile the...
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I Kid You Not – Professional Edition Fed Report
Today’s report examines the latest Fed balance sheet data and surprise, surprise, the Fed had a little shrinkage problem this week. The cuts were particularly large in those programs that most directly impact the markets. If this were to continue, the market would take another hit. For the Fed to contract its balance sheet...
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Looming Inflation a Matter of Fact, or Faith?
I got this question this morning from a poster over on the Stool Pigeons Wire. Am I correct in stating that regardless of whether or not the new reserves that will be added once the FED purchases the GSE/MBS paper are utilized to increase fractional-reserve lending (at least initially), there would still be substantial...
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