http://www.nytimes.com/2011/09/02/business/us-is-set-to-sue-dozen-big-banks-
over-mortgages.html?_r=1&smid=tw-nytimesbusiness&seid=auto
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•Back off the banks:
“The financial services sector may consist of bad guys, but it is a major part of the economy. It has been harangued with legislation of more than 1,000 pages, including instructions to the U.S. Securi…
Bernanke has told his right hand man not to bother him if it’s under a trillion LOL
http://www.reuters.com/article/2011/08/24/banks-funding-government-guarantees-
idUSL5E7JN1Z220110824
el dude has been trying to get this point across for awhile…..its all about expectations and mind games. QE did not bring yields lower, quite the opposite, in fact. Now that the Bernank is “only” gonna give us ZIRP4EVA and do a bunch of swaps with …
The total of seriously delinquent mortgages (2007q2:2011q2) gdiffer less than 1% correlating with recent posts by shooter on macro economic data.
Prime is by far the larger problem in both 2007 and 2011. There is virtually no improvement in the hou…
A former senior analyst at Moody’s has gone public with his story of how one of the country’s most important rating agencies is corrupted to the core. The analyst, William J. Harrington, worked for Moody’s for 11 years, from 1999 until his resignatio…
Last week the California unemployment rate shot back up to 12 percent. Couple this with the underperformance of revenue for the state and we have heavy headwinds ahead.
It will be a herculean effort for home prices to remain inflated in bubble mar…
jpm -9.4% c -16/4% bac -20.3 rf -13.5%
It shows us, once again, that when cornered the banks will be propped no matter what the populace says. They are using the phrase “blasting the short end of the yield curve.” It seems to me that this cycle will be over when the banking system as we cur…
A major bear on the housing market, Amherst Securities’ Laurie Goodman has predicted since 2009 another housing crash as banks are forced to liquidate tons of bad loans.
Up to 11 million mortgages are likely to default, according to Goodman. This …