Took forever to get home from Indianapolis yesterday — 90 minute flight, with weather and congestion delays. took far too many hours. I am still recovering, but it was a great conference and the trip was well worth it. I love speaking to sophisticated farmers and ranchers who run a cooperative power association — surprisingly savvy folks, smarter than the geniuses who caused the meltdown.
Anyhow, I have a a few posts today after the open today, but here’s what I am looking at this morning:
• Why the Bulls Just Won’t Die (Barron’s)
• Profit Rebound Still Has Long Climb Back (WSJ)
• Profits Squeezed at the Margin (Barron’s)
• Banks Balk at U.S. Push to Rein In Derivatives (WSJ)More Homeowners Facing Foreclosure (NYT)
• Bernanke Bid to Lift Housing Scuttled by Rising Rates, Defaults (Bloomberg)
• Borrowers with good credit fuel foreclosures in 1Q (AP)
• Did the CRA cause the mortgage market meltdown? (Minnesota Fed)
• The Big Banks’ Best Friend in Washington (Washington Post)
• Credit Relief May Not Last Long (NYT)
• Roubini Finds Economy Even He Can Be Bullish On (Bloomberg)
• Banks’ Appraisal Conflicts Could Continue Under New HVCC Rules Cuomo’s office: “GSE’s knew they were buying loans with appraisal fraud…” : “Outside industry experts on Bank of America’s advisory council, speaking on the condition of anonymity, said they had hoped Countrywide’s shady past would be cleaned up within a year of the new ownership. But nearly a year later, we’ve learned that the Charlotte-based BofA has simply assumed the same practices that branded Countrywide a financial predator.”
What's been said:
Discussions found on the web: