Inadequate Loan Loss Reserves: You Read It Here First
June 30th, 2011
By David Goldman
“Bad Mortgages Weigh on Banks” is the headline of Nick Timiraos’ WSJ report that nearly 20% of US banks’ mortgage holdings are delinquent.
U.S. banks hol…
February 8, 2011
Plans Near for Freddie and Fannie
By BINYAMIN APPELBAUM
WASHINGTON — The Obama administration and House Republicans are settling into a game of chicken over Fannie Mae and Freddie Mac, with each side daring the other to advance a pl…
The Subprime Debacle: Act 2, Part 2
Hundreds of billions of dollars of this junk was sold to European banks and funds. And these guys get together at conferences. So Helmut will be talking to Lars who will talk to Jean Pierre and they will realize th…
The latest chapter from the housing bust saga…. Check out this Washington Post article…
A new wave of distressed home sales is rippling, more quietly this time, through American cities and suburbs.
Its unsettling effects are playing out …
A giant shakeout in the morning allowed market makers to build long positions. Then at 2 PM the Fed announced that it was buying $5…
