Here’s a fun site: Track how many REO (Real Estate Owned by bank) that Countrywide has taken in: Countrywide Foreclosures...
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If you had any doubts that the Monolines (Ambac, MBIA, FGIC) were f$%#ed before, well, they should be totally eliminated from your mind...
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Last week, before the Microsoft (MSFT) deal was rejected by Yahoo’s Board, some interesting chatter was bouncing around NYC. The...
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> "They tried to make me go to Redmond, I said, No! No! No!" > The WSJ is reporting that the Yahoo Board of Directors...
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Warren Buffett has accused major investment banks of creating their own downfalls:> "It’s sort of a little poetic justice,...
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From Tuesday’s WSJ: "In an acknowledgment that the system it used to rate billions of dollars of mortgage-related securities...
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Alternative title: Who Do You Trust?, Part II Last month, we looked at the question: Who Do You Trust?. That discussion considered...
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The monoline insurers — the firms that issued default insurance on muni bonds that never default — have been buried by more...
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>When it rains, it pours: Last night, I actually spoke with a reporter (novel idea) about a piece he was writing on Société...
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Bill Ackman asks if Fitch Ratings should really have a Triple AAA rating on MBIA: Does a company deserve your highest Triple A rating...
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