Spinning a Grand Old Fantasy
Jim McTague, a dyed in the wool Republican, is surprisingly negative on the McCain/Palin team. Recall that McTague forecast the GOP would...
Barney Frank: Treasury GSE Intervention is a “Done...
Congressman Barney Frank, Chairman of the Financial Services Committee, says this is really happening: "Rep. Barney Frank (D.,...
Roundup: Fannie & Freddie Bailout
Last evening, we asked what are the costs and consequences, as well as the market reaction to, the imminent bailout of Fannie Mae (FNM)...
Here Comes the Half Trillion Dollar Fannie/Freddie Bailout!
A series of high-level meetings between Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, and the chief executives...
What Up With Pimco?
WTF is up with PIMCO ? Strange things are afoot at the biggest bond fund in the world. A weird sense of panic seems to be emanating from...
Can the Fed Save the (Financial) World?
Roger Altman, former deputy secretary of the Treasury, thinks so: "Today, regulatory authority is divided among the Federal Reserve,...
Fannie + Freddie = Frannie ?
Hmmmm . . take two poorly run, debt laden GSEs . . . Merge them . . . What do you get ? One giant, poorly run, debt laden, GSE. Its...
The Federal Reserve & Moral Hazard
Harvey Rosenblum, 38 Year veteran of the Fed, and now head of Research of the Dallas Fed. click for video > The Money Quote is: ...
The Big Freddie Mac
Today’s guest post is from Rob, the founder of Business Pundit, now with Capitalist Banter: McDonald’s Corp. held a press...
His Name is Mudd
"In 2006 and early 2007, the industry, many analysts and market observers were generally not predicting a downturn in the housing...