Fed Emails Bash BofA Chief
Excerpts “… Ken Lewis’ claim that they were surprised by the rapid growth of the losses seems somewhat suspect. At a...
I/O Mortgages Hit Commercial Real Estate
“The worst is yet to come. Typically there’s a lag between when the economy softens and when the defaults actually occur.” -Steven...
Focusing on the Wrong “Special Master”
Good Evening: The capital markets absorbed a flurry of news today and came away with only some minor indigestion. Stocks and bonds were...
Signed Copy of Bailout Nation
Quite a few of you asked how to get a signed copy of the book. Rather than have you incur round trip shipping costs, I have arranged for...
Fed Emails: Ken Lewis “Reckless”
The WSJ reports on Congressman Edolphus Towns unearthing of emails documents in which the Fed Chief trashes Ken Lewis’ attempt to...
volume/upcoming big event
NYSE consolidated volume today is on track to be as lackluster as yesterday which, not including any holiday influence, was the slowest...
Forbes: How To Fix Financial Television
How To Fix Financial Television was carried on Forbes.com: (That’s the author photo — I look like a tough guy crime...
Inflation-Deflation
As we await the results of today’s 10 yr bond auction to gauge sentiment on inflation, the US$, US government finances and foreign...
Special Master
White House spokesman Gibbs said the new compensation Czar Kenneth Feinberg, who will review “the soundness, the...
10 yr auction
The $19b reopening of the May 6th 10 yr auction was mixed as a higher than expected yield of 3.99% was needed to bring out the buyers...